Latest News & Updates
Insurtech: 7 Ways to Educate and Attract More Nigerians
1st November 2023
Insurance technology, or insurtech, is revolutionizing the insurance industry by making coverage more accessible, affordable, and user-friendly. In Nigeria, where insurance penetration remains low, insurtech companies have the potential to bridge this gap and offer invaluable protection to millions. To achieve this, insurtech must focus on educating Nigerians about insurance and their services. In … Continue reading Insurtech: 7 Ways to Educate and Attract More Nigerians
5 Services Every Gen-Z Wants from Insurtech
26th October 2023
The insurance industry is rapidly evolving, and Insurtech (insurance technology companies) are at the forefront of this transformation. As we step into a new era with Generation Z becoming increasingly important in the market, it’s crucial for Insurtech to adapt and provide services that cater to the unique needs and preferences of this generation. Gen-Z, … Continue reading 5 Services Every Gen-Z Wants from Insurtech
Top 5 General Insurance Providers in Nigeria
14th October 2023
When you take out an insurance policy for your home, business, vehicle, health, or other things that you consider important, you protect yourself from the financial burden that you may incur if they are damaged or lost. Read more about Finance You can either get life insurance—which pays out a sum of money upon the … Continue reading Top 5 General Insurance Providers in Nigeria
How to Get Your Business Insured in Nigeria
13th July 2023
As an entrepreneur, you want your business to run smoothly, avoid accidents, and keep losses at a minimum. Unfortunately, there’s always a chance that something will go wrong at some point—even if you try your hardest to prevent negative incidents. It may be a worker getting seriously injured while on the job, your vehicle … Continue reading How to Get Your Business Insured in Nigeria
Exploring the Disruptive Force of InsurTech
5th July 2023
The Nigerian insurance industry has been ripe for disruption, and InsurTech is emerging as a transformative force in this sector. InsurTech, a combination of insurance and technology, leverages digital innovations to streamline processes, enhance customer experience, and drive efficiency in the insurance value chain. This essay delves into the potential of InsurTech in disrupting … Continue reading Exploring the Disruptive Force of InsurTech
Top Insurtech startups In Nigeria
6th June 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
The Difference between Life Insurance and Health Insurance
24th May 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
5 Reasons Why You Need Insurance
23rd March 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
Heifer To Provide Area Yield Index Insurance (AYII) For Farmers In Nigeria
11th March 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
Health Insurance: What It Is And Why You Need One
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
Douments For Filing An Insurance Claim
24th February 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
Insurance Workers In Nigeria To Declare Personal Assets
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
5 Simple Steps To Filing An Insurance Claim In Nigeria
23rd February 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
Anambra Residents Can Now Get Easy Access To Health Insurance
22nd February 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
See The 6 Insurance Policies That Are Compulsory In Nigeria
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
4 Important Questions To Ask An Insurance Agent Before Buying From Them
16th February 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
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 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
4 Wrong Beliefs People Have About Insurance
15th February 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
7 Ways To Motivate Your Employees In Your Small Business
7th February 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
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 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
Nigerian Insurance Industry: Casava Receives $4 Million Boost
4th February 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
Casava Has Raised A $4 Million Pre-seed Fund
3rd February 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
4 Insurance Covers Every Nigerian Business Needs
1st February 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
Octamile, A Simple Solution To Insurance Technology In Nigeria
29th January 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
The Best Insurance Plan For SMEs In Nigeria
25th January 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
Conditions For Validity Of An Insurance Contract In Nigeria
22nd January 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)
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
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
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
21st January 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
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