There is a saying that goes ‘a car is a necessity, not a luxury’, and there is another that says ‘a car is a luxury when you invest in it’. Whatever angle you may view it from, a car can be both a necessity and a luxury. Still, overall, it is a valuable property, and […]
Importance of Group Life to an Association
A group life insurance is a contract that protects the members of a particular group such as employees, members of a club or association. This insurance plan provides financial compensation in the event of the death of a member of the group. As the leader of an association, youâre accountable for its members. Some associations […]
Renters Insurance
Getting an apartment has its hassles in itself, but did you know you could get the protection and coverage you may need in case of distress for your apartment? That’s what Renter’s Insurance is for. What is Renter’s Insurance Renter’s insurance is a subset of property insurance that proffers protection for a policyholder’s personal belongings […]
4 Major Types Of Claims Settlement
The claim settlement is the final stage of the claim process in insurance. At this point, the claim has been notified by the insured, all parties involved have carried out their respective duties. The insurer can settle claims that arise and accepted under the terms of the insurance contract in the following ways: Let us […]
What is Reinsurance
Reinsurance is essentially a specialist form of insurance transacted between professionals; hence many of the principles and practices applying to the conduct of insurance business equally apply to reinsurance. However, some principles have a different application in reinsurance A simple definition of reinsurance, therefore, is that it is the acceptance by an insurer, known as […]
How To Become An Insurance Broker
If you’re interested in a career in financial planning and risk management, you should consider being an insurance broker. Or other similar career paths such as underwriting.
How To Process Your Claims With AIICO Insurance
AIICO Insurance was founded in 1963. The company offers life insurance, health insurance, general insurance services.
What is Workers Compensation Insurance in Nigeria
The article delves into what Workers compensation insurance is about. It also highlights how Nigerian workers can take advantage of it.
How To Keep Your Insurance Policy Intact
Keeping your policy intact makes you eligible for all the benefits embedded in your insurance policy.
Read on to find out how to keep your policy active
Brief History of Insurance in Nigeria
There is a saying that goes âThe greatest oak was once a little nut who held its groundâ. Put more contextually, the growth of the greatest stories and brands of the world ties back to an origin. Evolution precedes even the greatest mythologies and medieval practices. The insurance industry in Nigeria similarly stems from years […]