Because we can’t predict the future, we want to be ready to cover our financial needs if, or when, something bad happens. Insurance companies understand this and provide insurance policies to protect us from unforeseen calamities. These could range from diseases to disabilities and everything in between. While we always hope for luck to be […]
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Is Disability Insurance A Good Idea?
No, not yet. You might reconsider closing the tab. Disability Insurance may not be what you think it is. Disability Insurance? What in the world of Insurance does that even mean? At first glance, one would imagine this is associated with insurance that caters to the underprivileged and ‘notoriously’ handicapped. We would be glad to […]
All You Need To Know About Cyber Insurance
Cyber insurance is a relatively new form of insurance as opposed to its Life and Health variants. Other novel types could include Engineering Insurance and Device Insurance. With the alarming rate of cyber attacks and threats, cyber insurance is becoming more prominent as a measure to cover the loss and damage of cyber intrusions. This […]
5 Reasons Why You Need Pet Insurance
The life of a pet owner is full of surprises. Sometimes they are pleasant and other times not. Most importantly, other times can be expensive. That’s why pet insurance is something to think about. With pet insurance, you get to curb expenses that come with owning a pet. So The next time you have an […]
All You Need To Know About Group Life Insurance
What is Group Life Insurance Policy? Group Life Insurance is a company scheme for a group of people. In Nigeria, this life insurance is compulsory by law. Basically, it caters to these groups to take out a policy for a minimum of 3x the total employee annual salary. The group of people is usually not […]
Best Car Insurance Companies in Nigeria [2024 Updated List]
Which Insurance company provides the best comprehensive car insurance in Nigeria? Let’s find out. The top Insurance companies in Nigeria hardly ever segment themselves into either one type of Insurance cover. They just do all of them. It may sound not so nice, but that’s good for you. You wouldn’t want to have your car insurance […]
Engineering Insurance and The 5 Different Scopes
Except you’re an Insurance expert, a professional in the subject for discourse, or some really versatile fellow, ‘Engineering Insurance’ may appear pretty novel just like cyber insurance. Life Insurance, Health Insurance, or Automobile Insurance are probably the commonest forms of insurance we know in Nigeria. Engineering Insurance may appear uncommon in this part of the […]
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. […]
History of insurance in Nigeria
The Concept of Insurance: Insurance in Nigeria, which was influenced by British colonial history, emanated from traditional communal fund-pooling systems like “isusu” to modern practices rooted in the need for financial protection against losses. This need was pronounced among early marine traders in Nigeria, leading to the development of maritime insurance bonds like Bottomry and […]
Nigerian Insurance Industry Database Nigeria (NIID Nigeria) – Everything you should know
The importance of insurance has only grown since it entered the mainstream Nigerian market. Today, the government has enacted compulsory insurance into law, like health insurance for employees, and also vehicle insurance. Focusing on vehicle insurance, its compulsory nature has led to all forms of insurance agencies and agents taking advantage of the high demand […]