The purpose of getting yourself insured is to guarantee compensation for specified loss, damage, illness, or death. It is therefore important to get yourself saddled up enough to face any eventualities. And, when doing this, you must ensure to do it right. That is where the principles of insurance come in Unfortunately, many people dabble […]
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How to start an Insurance company in Nigeria
Insurance is an important part of our daily activities. This is because we live in a world full of uncertainties. For this reason, people need insurance coverage to protect themselves, their families, businesses, and properties. This makes the insurance business a very good one, majorly because it does not depend on the economy to thrive. […]
Minimum share capital for insurance companies in Nigeria
Although profitable, the business of insurance requires very huge capital, especially since they have to show they are financially reliable. The minimum share capital for insurance companies in Nigeria is set to a particular level, to ensure that the company is financially buoyant enough to handle claims. Therefore, this ensures that the company does not […]
Social health insurance – What you need to know
Insurance is one of the largely under-tapped industries in Nigeria, although that is quickly changing in recent times. A subsidiary, social health insurance, is very important in a country, as it helps protect the average citizen, providing health care coverage. However, it is not very common today and is largely limited to the working class […]
A Web Platform for Loans and Credit Launches in Ghana
Loanspot Ghana is a leading credit and loans content platform in Ghana that focuses on consistent information on loans and credit industry. The platform is inviting visitors to explore its new web platform on different types of loans and credit in Ghana. It is important for everyone to get ahead with the right piece of […]
Insurance jobs in Nigeria – Types of jobs in an insurance company
The insurance industry consists of several subcategories of individuals with specific job roles who come together to make things work. In essence, without these different roles, the industry cannot stand. Although as a customer we just walk up and purchase a policy, several layers of work have been done to ensure that such policy exist. […]
An overview of the Insurance business in Nigeria
Insurance is simply a business of risk management and transfer. Therefore, it has thrived for centuries in the business world due to its naturally risky nature. Today, insurance basically covers all spheres ranging from the business to personal life. Insurance is also one of the industries that thrive in a country like Nigeria, with records […]
Funeral expenses insurance in Nigeria explained
The death of a loved one always comes with mixed emotions, with a larger portion of it being sadness. It is never an easy thing, and more often than not, everyone has to come to terms with the finances required to bury such a person. Therefore, this subject is a discussion that needs to be […]
Complete List of Insurance Companies in Nigeria – 2021 Updated list
We can basically link the inception of Insurance in Nigeria to the arrival of British Trading firms. These firms had to manage the risks associated with their businesses. Therefore, they had to establish insurance agencies that got their licenses from abroad. These licenses enabled these companies to facilitate issue cover and claims facilitation. During this […]
Insurance Bond in Nigeria explained
An Insurance bond in Nigeria is basically an investment instrument offered by life insurance companies. They are always in the form of long-term or whole life insurance policy. Insurance bond presents itself as the best option for investors who are looking to invest on a long-term basis. Additionally, it also comes in handy for investors […]