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Insurance is the transaction of exchanging money for risk transfer. When this transaction goes through, they compensate you should any damages come to your insured asset. Now, in a more professional statement; it means exchanging insurance premium for risk transfer. The money you pay to purchase insurance is called an insurance premium. In this article, […]

Health insurance is arguably the most important type of insurance that anyone could have. This is because it secures life itself, providing financial assistance in meeting medical bills and other high costs. Furthermore, for the best service, it is important that you stick to the best providers. Check out this list of the top 10 […]

As you should already know, we cannot overstate the immense contribution the insurance industry has towards the growth and development of any Nation. As a matter of fact, the insurance business is the only existing business that helps to protect other businesses from potential risks. Furthermore, the insurance industry has a very organized structure with […]

The value of the insurance industry as a whole has been on an epic rise, largely contributing to the growth of the world’s economy. In Nigeria, the insurance industry is valued at around N300 billion, with over 50 insurance companies presently registered. Retail insurance is one of the strong arms of insurance, as it caters […]

The gross premium income is essentially an income statement that shows the total sum that an insurer has earned from premiums. Basically, it does not include any sums that are not paid or will be paid outside those premiums. They are very important in determining the income of an insurer and do not take into […]

Although the oil and gas industry is one of the most profitable to work in, it remains one of the most dangerous too. Most times, single onsite negligence could lead to the loss of many lives, including those with no idea what was happening. Therefore, this makes working in the industry very sensitive, and oil […]

The insurance industry has several concepts that are important you must familiarize yourself with. The advantages of understanding these concepts and how they work are very many. It updates you about how everything works in the insurance industry, but you will also be able to choose the right financial plan. In this article, the concept […]

Health insurance essentially covers the basic health medical bills of everyone under the policy. It works by spreading the risk over a group of people like families, or a company. Today, there are several health maintenance organizations in Nigeria that are mediating on behalf of the hospital and patients. Therefore, they are more or less […]

If you are a business owner or an individual with two or more vehicles, then Fleet Insurance and Transit Insurance is an insurance policy you must acquire. Basically, this insurance policy makes it possible for you to insure different vehicles. This includes mini-busses, trucks, taxis, and HGVs. In this article, we discuss explicitly all that […]

Running a business is associated with numerous seen and unforeseen risks that generally leads to unpredictable outcomes. Therefore, there is a need for you to purchase insurance to protect your business, employers and overall ownership. Also, there are a ton of options to choose from, but since we are considering a business, commercial insurance is […]