In an unpredictable world, stability does not happen by chance; it happens by preparation. Every day, individuals, families, and businesses are exposed to risks they cannot fully control: fire outbreaks, road accidents, theft, medical emergencies, natural disasters, and unexpected loss of income. These events do not send invitations. They happen suddenly, and when they do, the…
Even though many policies are not compulsory, there are some mandatory insurance policies in Nigeria. It is required by law that an individual or institution have them. This requirement works well for insurance companies and insurance brokers. Below are six of the mandatory policies in Nigeria. Third Party Motor Insurance Employee Life Group Health Care…
Underwriters are employing different means of making insurance popular. One of such means is the MDRI- Market Development and Restructuring Initiative. The MD/ CEO of African Alliance Insurance Plc, Joyce Ojemudia, explained this recently. Speaking during the launch of their new office in Ogun State, she stressed the need for viable retail presence in insurance…
Special perils in insurance includes risks such as fire and other natural disasters. Since the beginning of the year, the world has experienced one natural disaster after another, apart from the COVID- 19 pandemic. To appreciate the value of an insurance policy, we have put together a list of special perils that a property insurance…
A layman can find common insurance words confusing. Moreover, not knowing the meaning of these terms may not be helpful to potential clients. Whilst an insurance firm and an insurance broker know these words, a client may not be as aware. However, knowing common insurance words and their definition help to keep customers informed. Accident…
The weather affects disposition to risk, especially now that the rains are here.
TRM Head at City 105.1FM. He was at their Ikeja station on Tuesday, 8th December 2020 and Wednesday, 9th December 2020. The general purpose of his visit was to shed more light on insurance. On Tuesday, he featured on the morning show, ‘Your business, my business’, hosted by Onyema Chiwete and Bybisasa. He concisely…
LASG appoints TRM as one of its Insurance brokers. In other words, TRM will provide expert insurance brokerage services for certain LASG agencies. The Trusted Risk Managers are a part of Sky Capital Limited. Services offered by the insurance brokerage company include services relating to insurance, pensions and actuarial valuation. The company has distinguished itself in its market knowledge…
This post describes the available motor insurance policies in Nigeria
