Insurance News ME

Interview - Nigeria: Insurance in Nigeria is Now for Real

Mr Dere Otubu, Chairman, Staco Insurance Plc, says insurance business in Nigeria now is for real.In this interview with Patience Saghana, Mr Otubu who is the pillar of Staco Insurance speaks on the factors driving expansion into the West African sub-region.

Nigeria: Banks Have Challenged Insurance Sector - David Akuboh

David Akuboh is the Managing Director of Multi-Trade Insurance Brokers Ltd. He was also recently elected as the Chairman of the Kaduna Chapter of the Council of Registered Insurance Brokers. In this interview he granted Correspondent, JOHN SHIKLAM during the recent investiture of the council in Kaduna, Akubo said the revolution in the banking sector has challenged the insurance industry.

Growing Nigerian insurance industry: Whose task?

The relevance of insurance business in the economy of any nation cannot be undermined. They are the cornerstones, a key player of the economy of a country, taking directly after the banking sector in this part of the world, while, in some developed countries of the world, it is worthy to note that insurance companies are often at par with the banking sector, and in some other places, insurance is ahead of banking, with its financial strengths to own banks.

Nigeria: Insurance Companies Urged to Stimulate Economic Growth

Nigerian insurance companies need to participate actively in stimulating economic growth in the country to create the primary demand for insurable products and services.

Managing Director /Chief Executive Officer of Oceanic Bank International Plc, Dr. (Mrs.) Cecilia Ibru, represented by her executive director, Mr. Kola Ayeye, made this call in Abeokuta in an address at the 2007 Insurance Professionals Forum held over the weekend.