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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
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)
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
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
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
Business Insurance In Nigeria And How To Go About It
April 19, 2022
Getting insurance for your business is the greatest service you can do for your business. Doing business is replete with so much risk, which could include fire outbreaks, accidents, lawsuits, robbery and so on. Read more about Business In these risks, you could lose your capital and profits. Before we move on, let’s delve … Continue reading Business Insurance In Nigeria And How To Go About It
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
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
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
By guestpost
Websites We Love: Compare Insurance
April 19, 2022
Nigeria, like every other country, has its share of road accidents. Sometimes the damage from these accidents is just a barely noticeable scratch on the vehicles involved. But on many occasions crashes result in major car wreckage or even loss of life. Read more about Websites we love The government recognizes the risk of … Continue reading Websites We Love: Compare Insurance
Top 4 Digital Insurance Platforms In Nigeria
April 19, 2022
Nigeria’s insurance industry has a lot of room for growth. A vast majority of the country’s adult population remains outside of the safety of an insurance cover; but as more people learn the importance of buffering against tomorrow’s uncertainties, insurance policy uptake will rise. Read more about Insurance Consumers need insurance products that are … Continue reading Top 4 Digital Insurance Platforms In Nigeria
Can Insurtech Solve Nigeria’s Low Insurance Coverage Problem?
April 19, 2022
Nigeria’s insurance industry has a lot of growth potential. Of its 200 million inhabitants, there are enough individuals to constitute one of the world’s largest markets for insurance products. However, the current reality doesn’t exactly match this perception. Read more about FinTech Consider this. According to a 2018 report from Statista, about 97% of Nigerians … Continue reading Can Insurtech Solve Nigeria’s Low Insurance Coverage Problem?
Did You Know? COVID-19 Test vs Health Insurance for Travellers
April 19, 2022
After Nigeria opened up for international commute, two terms have been swirling around: COVID-19 test and COVID-19 health insurance. They may sound interchangeable for anyone travelling out of Nigeria, but they are not. Let’s tell you the difference. COVID-19 Test We all know that travellers now need to have a COVID test either on arrival … Continue reading Did You Know? COVID-19 Test vs Health Insurance for Travellers
By ann
Helpful Little Articles: Top 5 Travel Insurance Packages/Companies In Nigeria
April 19, 2022
Many Nigerians know but many do not know or do not even believe these things work in our country. One of those things is a travel insurance package. So we will be running down the top five agencies and their packages. 1. AIICO Insurance AIICO offers a travel insurance plan in partnership with AIG South … Continue reading Helpful Little Articles: Top 5 Travel Insurance Packages/Companies In Nigeria
By david-okwara
Did You Know? Nigeria’s First Insurance Company
April 19, 2022
The business of insuring property has a long history, especially in Europe where the practice has developed for centuries. In Nigeria, it’s been around for about a century. But Nigerians have only been directly involved with running it for half that time. The first insurer in Nigeria was established in 1918 by colonial British trading … Continue reading Did You Know? Nigeria’s First Insurance Company
