All Stories

Insurance TECH

Top Insurtech startups In Nigeria

April 19, 2022

Insurtech combines two words “insurance” and “technology,” to form Insurance technology. Insurtech refers to the use of technological innovations built to make existing insurance models more efficient and effective. Simply put, it applies technology to how insurance works. Insurtechseeks to enhance insurance practices and automate their everyday activities. Also, it streamlines policies, and social insurance, … Continue reading Top Insurtech startups In Nigeria

Post Image

Insurance

The Difference between Life Insurance and Health Insurance

April 19, 2022

There is a thin line separating life insurance from health insurance. When it is time for you to undertake a financial planning exercise, you must understand these two forms of insurance and learn about their requirements so you’re able to make an informed decision. Read more about Insurance The reality is that many people genuinely need … Continue reading The Difference between Life Insurance and Health Insurance

Post Image

Insurance

5 Reasons Why You Need Insurance

April 19, 2022

  Many people hear about insurance and do not take the care to figure out what insurance is until the last minute. Insurance is a cover that companies called insurance companies give. After registering, the person who bought the insurance pays a premium fee. Read more about Insurance This premium allows insurance companies to invest … Continue reading 5 Reasons Why You Need Insurance

Post Image

BUSINESS Food Insurance

Heifer To Provide Area Yield Index Insurance (AYII) For Farmers In Nigeria

April 19, 2022

With Nigeria regarded as the 55th most vulnerable county to climate change in the world today, an international non-profit organisation, Heifer International, says it is looking to introduce the Area Yield Index Insurance (AYII) to rice farmers in Nigeria as part of the organisation’s commitment to helping farmers mitigate climate change-induced losses. Read more about … Continue reading Heifer To Provide Area Yield Index Insurance (AYII) For Farmers In Nigeria

Post Image

Insurance

Health Insurance: What It Is And Why You Need One

April 19, 2022

Loss of any kind is one thing that no one ever prays for, especially losses that affect one’s health. However, as humans, we understand that losses and accidents do occur. The best way to avoid them occurring is to avoid them occurring, the next best way to go about it is to make provisions ahead … Continue reading Health Insurance: What It Is And Why You Need One

Post Image

Insurance

Douments For Filing An Insurance Claim

April 19, 2022

  Looking to file an insurance claim and not sure what document would be required? Don’t worry, in this post, I will be sharing with you the basic documents required to file some insurance claims in Nigeria. Where necessary, I will try to provide a little explanation of what a document is.  Read more about … Continue reading Douments For Filing An Insurance Claim

Post Image

Insurance

Insurance Workers In Nigeria To Declare Personal Assets 

April 19, 2022

There is a possibility that, in the near future, current employees of insurance companies and other financial institutions in Nigeria will be required to declare their assets, and that future employees will be required to do the same before they can be hired by any insurance company. This follows the introduction of a bill in … Continue reading Insurance Workers In Nigeria To Declare Personal Assets 

Post Image

Insurance

5 Simple Steps To Filing An Insurance Claim In Nigeria

April 19, 2022

  We all have our insurance policies for various reasons. But what happens when you are faced with a claim? It’s easy to become overwhelmed by the process of filing an insurance claim. Different companies have different processes through which customers can file their claims. With how many different types of insurance policies are out … Continue reading 5 Simple Steps To Filing An Insurance Claim In Nigeria

Post Image

Health Insurance

Anambra Residents Can Now Get Easy Access To Health Insurance 

April 19, 2022

Residents of Anambra State can now easily access health insurance coverage. This is following the news emanating from the office of the Executive Secretary, Anambra State Health Insurance Agency, Dr Simeon Onyemaechi, which has it that the residents of the state can now enrol for the state’s health insurance coverage directly from their mobile phone.  … Continue reading Anambra Residents Can Now Get Easy Access To Health Insurance 

Post Image

Insurance

See The 6 Insurance Policies That Are Compulsory In Nigeria

April 19, 2022

In Nigeria, there are 6 compulsory insurance policies. These insurance policies are compulsory because there are laws in place to ensure its implementation and failure of one to have any in place when needed attracts one form of punishment or the other. Read more about Insurance These 6 compulsory insurance policies are based on acceptable … Continue reading See The 6 Insurance Policies That Are Compulsory In Nigeria

Post Image

Insurance

4 Important Questions To Ask An Insurance Agent Before Buying From Them 

April 19, 2022

  Just like banks have marketers who could encourage you in opening an account with their bank, insurance companies work with agents to achieve this purpose. An insurance agent is an individual engaged by an insurance company as a salesperson to look out for new customers to whom to sell insurance. Usually, an insurance agent … Continue reading 4 Important Questions To Ask An Insurance Agent Before Buying From Them 

Post Image

Insurance

NYSC Corps Members To Now Enjoy Health Insurance

April 19, 2022

Members of the National Youth Service Corps are currently in for something amazing as the Directorate of the National Youth Service Corps has announced that it has now begun providing health insurance coverage for all serving corps members in the country. Corps members currently undertaking the one-year compulsory national service will now be catered to … Continue reading NYSC Corps Members To Now Enjoy Health Insurance

Post Image

Insurance

4 Wrong Beliefs People Have About Insurance

April 19, 2022

  When we talk about beliefs, it is common to everyone. Every one of us has one belief or the other which we hold on to, and as I explained in another post, our beliefs are formed from so many sources such as parental upbringing and the quality of education available to us as individuals.  … Continue reading 4 Wrong Beliefs People Have About Insurance

Post Image

BUSINESS Insurance

7 Ways To Motivate Your Employees In Your Small Business

April 19, 2022

You may be worried about your employees’ outputs and may feel they are not putting in the required efforts and time towards their work. This happened mostly when your employees are no longer motivated well enough for the work they do. As a business owner, introducing the right motivation in your workplace will go a … Continue reading 7 Ways To Motivate Your Employees In Your Small Business

Post Image

Insurance

4 Important Tips To Keep In Mind Before Taking Out An Insurance

April 19, 2022

Insurance is an important investment you should consider as an adult individual, business person or career person. There is no amount of money you need to have for you to consider insurance. Insurance is available to you at any level you are.  Read more about Insurance However, in choosing an insurance cover, you must do … Continue reading 4 Important Tips To Keep In Mind Before Taking Out An Insurance

Post Image

Insurance

 Nigerian Insurance Industry: Casava Receives $4 Million Boost

April 19, 2022

  With less than 2% of Nigerians said to be adequately insured, the Nigerian Insurance Industry may well be said to be on its way to increasing this number soon. This is following the news that Casava, a Nigerian Digital insurance firm has recently secured four million dollars in pre-seed funding.  Read more about Insurance … Continue reading  Nigerian Insurance Industry: Casava Receives $4 Million Boost

Post Image

BUSINESS Insurance TECH

Casava Has Raised A $4 Million Pre-seed Fund

April 19, 2022

  The general awareness of insurance in Africa has been bland for years, along with its penetration rate, except in South Africa. In line with a Mckinsey survey in 2018, Africa’s insurance market was at a 3% penetration rate; with South Africa excluded, it was just 1.12%. Only 1.9% of the adult population had one form of … Continue reading Casava Has Raised A $4 Million Pre-seed Fund

Post Image

Insurance

4 Insurance Covers Every Nigerian Business Needs

April 19, 2022

  Every entrepreneur understands that the business environment is filled with so many uncertainties. These uncertainties are generally referred to as risks and they come in different forms, shapes and sizes. While some risks may not pose a great threat to the survival of a business, there exist many risks that when not properly mitigated … Continue reading 4 Insurance Covers Every Nigerian Business Needs

Post Image

BUSINESS Insurance TECH

Octamile, A Simple Solution To Insurance Technology In Nigeria

April 19, 2022

  Insurance technology is a sector of technology that is largely unexplored in Nigeria. It is simply the use of technological innovations designed to make current insurance prototypes more efficient. According to a report, Africa’s insurance industry is valued at about $68 billion in terms of gross written premium and is the eighth largest in … Continue reading Octamile, A Simple Solution To Insurance Technology In Nigeria

Post Image

Insurance

The Best Insurance Plan For SMEs In Nigeria

April 19, 2022

  The role of small and medium enterprises (SMEs) in the economy of Nigeria cannot be underestimated.  According to the Nigeria Bureau of Statistics (NBS), local SMEs contributed about 48% of the national GDP in the last five years. Read more about Insurance There is an estimate of 17.4 million SMEs in Nigeria and they … Continue reading The Best Insurance Plan For SMEs In Nigeria

Post Image

Insurance

Conditions For Validity Of An Insurance Contract In Nigeria

April 19, 2022

  A contract refers to any agreement between two or more parties in which there is a promise by one party to the other(s) to be met under agreed conditions. Generally, contracts are entered into by writing after discussions on them by the parties involved. However, contracts could also be entered into simply by oral … Continue reading Conditions For Validity Of An Insurance Contract In Nigeria

Post Image

Insurance

The Nigeria Insurance Regulator – National Insurance Commission (NAICOM)

April 19, 2022

  The Insurance industry across the world is highly regulated. This is because of the place of insurance in the economy of any country. Read more about Insurance In Nigeria, the Insurance industry is regulated by the National Insurance Commission (NAICOM). This Commission is an agency of the Federal Government and is charged by law … Continue reading The Nigeria Insurance Regulator – National Insurance Commission (NAICOM)

Post Image

Insurance

29 Companies To Buy Vehicle Insurance In Nigeria

April 19, 2022

  Are you looking to purchase an insurance policy for your vehicle and not sure where to purchase one? In this post, I bring to you a list of 29 companies, including their contact details, where you can purchase an insurance policy for your vehicle in Nigeria. Read more about Insurance These 29 companies are … Continue reading 29 Companies To Buy Vehicle Insurance In Nigeria

Post Image

Insurance

3 Major Types Of Vehicle Insurance In Nigeria

April 19, 2022

  You just bought a brand-new Black Toyota Corolla 2020. Your friends and family gather to celebrate with you and to ‘wash the car’. One of your friends collects your car keys, jumps into the vehicle and zooms off. 15 minutes later you receive a distress call from him that there has been an accident … Continue reading 3 Major Types Of Vehicle Insurance In Nigeria

Post Image

Insurance

4 Strategies To Manage Your Business Risks When You Do Not Want To Take Out An Insurance Cover

April 19, 2022

  In a previous article, I wrote on the 4 insurance covers every Nigerian business will need. In it, I highlighted the four main covers I believe are important to every business. These include General Liability Insurance, Vehicle Insurance, Property Insurance, and Life/Health Insurance. Read more about Insurance Every business needs the above four insurance … Continue reading 4 Strategies To Manage Your Business Risks When You Do Not Want To Take Out An Insurance Cover

Post Image

Insurance Law

Risk Management: Underwriting And Reinsurance Claims

April 19, 2022

  Risk Management is the practice of identifying and analyzing loss exposures and taking steps to minimize the financial impact of the risks they impose Most insurance companies have a responsible official whose main function is to scrutinize every proposal for insurance and to decide whether the risks proposed for insurance shall be accepted or … Continue reading Risk Management: Underwriting And Reinsurance Claims

Post Image

Insurance Law

Formation Of The Contract Of Insurance

April 19, 2022

  Contract of Insurance is a contract whereby one party (called ‘the insurer’) in consideration of a price, known as premium, agrees to indemnify or pay a sum of money to another person (known as ‘the insured’) upon the happening of a loss or misfortune. Read more about The law and you A contract of … Continue reading Formation Of The Contract Of Insurance

Post Image

Insurance

Assignment Of Insurance Contracts

April 19, 2022

  Assignment of insurance contract is the transfer made by the holder of a life insurance policy (the assignor) of the benefits or proceeds of the policy to a lender (the assignee), as collateral for a loan. In the event of the death of the assignor, the assignee is paid first and the balance (if … Continue reading Assignment Of Insurance Contracts

Post Image

Automobile BUSINESS Insurance

Sunny’s Story: Why You Should Not Procrastinate

April 19, 2022

  Sunny is like most of us, he’s always on the move. He runs a laundry and cleaning service business and has one car for deliveries and another for his personal runs. He noticed the insurance covers on both cars were due for renewal in a week, but since there was no accident or theft, … Continue reading Sunny’s Story: Why You Should Not Procrastinate

Post Image

Agriculture BUSINESS Insurance

Did You Know? You Can Insure Your Farm Products With The Nigerian Agricultural Insurance Corporation

April 19, 2022

You can insure yourself against the loss of your house, cars, or health. But what about your farm, if you’re a farmer- can you insure that too?  You can, thanks to the Nigerian Agricultural Insurance Corporation  (NAIC), the government-backed institution which was set up for this purpose over three decades ago. The conditions which led … Continue reading Did You Know? You Can Insure Your Farm Products With The Nigerian Agricultural Insurance Corporation

Post Image