Insurance

NYSC Corps Members To Now Enjoy Health Insurance

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

4 Wrong Beliefs People Have About Insurance

  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

7 Ways To Motivate Your Employees In Your Small Business

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

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

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

 Nigerian Insurance Industry: Casava Receives $4 Million Boost

  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

Casava Has Raised A $4 Million Pre-seed Fund

  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

4 Insurance Covers Every Nigerian Business Needs

  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

Octamile, A Simple Solution To Insurance Technology In Nigeria

  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

The Best Insurance Plan For SMEs In Nigeria

  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

Conditions For Validity Of An Insurance Contract In Nigeria

  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

The Nigeria Insurance Regulator – National Insurance Commission (NAICOM)

  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

29 Companies To Buy Vehicle Insurance In Nigeria

  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

3 Major Types Of Vehicle Insurance In Nigeria

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

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

  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

Risk Management: Underwriting And Reinsurance Claims

  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

Formation Of The Contract Of Insurance

  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

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