Ewherido

The South African Foreign Affairs Minister, Naledi Pandor, last Thursday said South Africa had no provisions in its laws to compensate nationals of other countries, whose shops and businesses were looted, burnt and destroyed in the recent xenophobic attacks. Pandor was responding to a demand by the Nigerian government that Nigerians, who suffered losses during […]

For an insurance broker, one of the things that give you job satisfaction is getting a call from your client a few days after executing a discharge voucher that he has received his cheque or his account has been credited. It is so fulfilling. Sometimes, some of such happy clients become your best marketers. Discharge […]

This year alone, I know a handful of people in their 40s and 50s who have died. Take any day of your choice and go through all the newspapers; you are likely to find an obituary of somebody within this age range. The cause of death might range from accident and illness to death from […]

When the Lagos Area Committee (LAC) of the Nigerian Council of Registered Insurance Brokers (NCRIB) had its mid-year workshop on Thursday, August 2, last year, the theme was “Insurance Broking: Transitions and Disruptions.” Among factors threatening the survival of insurance brokers in Nigeria, information technology ranked very high during the deliberations. Subsequently, when the current […]

I do not mean the “mind the gap” warnings you see at London train stations. We are talking insurance here. Insurance is like a relay race; where the scope of coverage of one policy ends, the scope of coverage of another begins. One policy’s exception is another’s insurable peril. Unfortunately, once some policyholders purchase a policy, […]

For the past few weeks, we have been dwelling on motor insurance and why not? Beyond being compulsory, motor insurance is the most patronized insurance product in Nigeria. Today, we have reason to deal with another aspect of motor insurance. A few days ago, on my way to work, I saw a big lorry tilting […]

The Lagos State Government recently announced fines for various traffic offences. Reactions to the fines have been divergent. I have strong views on the government action too, but today, we just want to look at the relationship between the fines and insurance. The first fine is for driving without a driver’s license. If the person […]

I was returning from the Nigerian Council of Registered Insurance Brokers Annual CEO Conference when we ran into traffic after the Redeemed Camp. Heavy traffic around that stretch of Lagos-Ibadan Expressway has become a common occurrence, so I prepared myself for the inevitable. A short while later I noticed billows of smoke on the other […]

I have written a lot about the six compulsory insurances in Nigeria and will continue to draw attention to them. This is for good reasons. One, they are statutory, so those concerned need to have them in place. Two, they are meant to protect third parties against bodily injuries, death and property damage. If you go […]

In many states in Nigeria, including the Federal Capital Territory, Abuja, Vehicle Inspection Officers (VIOs) are ubiquitous. How they go about their task of inspecting vehicles and checking their road worthiness is a story for another day, but they do request for motor insurance certificates, which evidences the existence of motor insurance. I had reminded […]