President Bola Tinubu has ordered sweeping reforms to make health insurance mandatory across all federal institutions, as part of efforts to strengthen implementation of the National Health Insurance Authority (NHIA) Act, 2022. In a statement by presidential spokesperson Bayo Onanuga, the President instructed the Secretary to the Government of the Federation to issue a service-wide…
Chinese lawmakers said that they are reviewing a draft law on medical insurance that is expected to improve the country’s universal basic medical insurance system. The draft law was submitted on Tuesday to the ongoing session of the Standing Committee of the National People’s Congress, the national legislature, for its first reading. According to Zhang…
The Nigerian Council of Registered Insurance Brokers (NCRIB) has urged President Bola Tinubu to prioritise insurance as a key driver in achieving a $1 trillion economy. Mr Tope Adaramola, Executive Secretary of NCRIB, made the call during an interview with the News Agency of Nigeria (NAN) on Monday in Lagos. Adaramola said the insurance sector…
The Nigerian Insurers Association (NIA) has urged President Bola Tinubu to promptly assent to the Nigerian Insurance Industry Reform Bill 2024, recently passed by the National Assembly. NIA Chairman, Mr Kunle Ahmed, made the appeal during the first quarter 2024 briefing on the insurance industry’s performance, held in Lagos. Ahmed said the bill seeks to…
Some stakeholders in the Federal Capital Territory (FCT) have urged insurance companies to be ready to pay the claims that will emanate from their subscription to third party motor insurance policy. The stakeholders said this in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday. They said that the era of…
The Federal Government has announced the development of a comprehensive implementation plan for Catastrophic Health Insurance to support patients with end-stage renal diseases, sickle cell disease, and cancers. The Minister of State for Health and Social Welfare, Dr Iziaq Salako, revealed this on Tuesday in Abuja during a ministerial media conference to mark World Cancer…
Guinea Insurance Plc has posted a profit before tax of N499.6 million for the financial year ended 2023, representing 63 per cent increase from a loss of N75.4 million posted in 2022. Mr Ugochukwu Godson, Chairman, Guinea Insurance, announced this at the company’s 66th Annual General Meeting (AGM) on Monday in Lagos. Godson said that…
