INSPENONLINE: NATIONAL INSURANCE COMMISSION

Wednesday, 2 October 2013

NATIONAL INSURANCE COMMISSION

NATIONAL INSURANCE COMMISSION

SUBMISSION STATUS OF 2012 FINANCIAL STATEMENTS OF INSURANCE COMPANIES

As At Monday, September 30th, 2013.

1 Mansard Ins PLc Approved

2 ADIC Insurance Ltd Approved

3 WAPIC Insurance Plc Approved

4 Consolidated Hallmark Ins. Approved

5 Oasis Insurance Plc Approved

6 FBN Life Ass Ltd Approved

7 Continental Reinsurance Company Plc Approved

8 AIICO Insurance Plc Approved

9 Leadway Assurance Company Ltd Approved

10 Crusader General Ins. Ltd Approved

11 Crusader Life Ins. Ltd Approved

12 UBA Metropolitan Life Ins. Company Approved

13 Zenith Insurance Company Ltd Approved

14 Unitrust Insurance Company Ltd Approved

15 Unity Kapital Assurance Plc Approved

16 Standard Allied Life Assurance Approved

17 Custodian & Allied Ins. Plc Responses under Review

18 Sovereign Trust Insurance Plc Responses under Review

19 Royal Exchange Assurance Plc Responses under Review

20 Prestige Assurance Plc Responses under Review

21 Regency Alliance Company Queried & Awaiting

Responses

22 Sterling Assurance Nigeria Ltd Queried & Awaiting

23 FIN Insurance Ltd QReuseproiends e&s Awaiting

24 Law Union & Rock Insurance Company Plc Queried & Awaiting

25 Wapic Life Assuarance Ltd QReuseproiends e&s Awaiting

26 Nem Insurance Plc QReuseproiends e&s Awaiting

27 Zenith Life Insurance Ltd RQeuseproiends e&s Awaiting

28 Crystal Life Insurance Queried & Awaiting

29 Oceanic (old Mutual) QReuseproiends e&s Awaiting

30 PHB Insurance Plc RQeuseproiends e&s Awaiting

31 Equity Assurance Plc Queried & Awaiting

32 Lasaco Assuarnce Plc QReuseproiendses & Awaiting

Responses

Royal Prudential Life Assurance Plc

Queried & Awaiting

Responses

34 Cornerstone Insurance Plc Review in Process

35 Great Nigeria Insurance Review in Process

36 Niger Insurance Plc Review in Process

37 Lasaco Life Assurance Review in Process

38 Nigeria Reinsurance Corporation Review in Process

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Lawal is Inspen 2014 insurance man of the year

The former President Chartered Insurance Institute of Nigeria (CIIN) Fatai Lawal has emerged the 2014 Inspenonline Insurance Man of the year.

Fatai who is the the Managing Director Sterling Assurance Nigeria Limited was named today, at the Nigerian Insurance and Pension Award organised by Inspenonline.

Chief Executive Officer Inspenonline Media, Chuks Udo Okonta, said Lawal was picked from the votes casted by the public and other considerations made by the award's panel of assessors.

He noted that the winner raised the bar at the the Institute and the industry by opting to serve a tenure which was eventful and impactful. He added that amongst the legacies left by the winner was the printing and donation of Insurance books to secondary and tertiary institutions aimed at deepening insurance awareness.

Okonta noted that the award, which started two years ago with the recognition of two distinguished individuals and an underwriting company, has now come to stay.

"This year, we decided to raise the bar by setting high standards to judge the operations of companies and impacts made by individuals in moving insurance and pension business forward.

"To achieve this, we gave the public the opportunity to select those to be celebrated by calling for votes. Having harmonised the votes which came from different parts of the country, we benchmarked the scores with the set standard to arrive at the winners we are celebrating today," he said.

Others winners are AIICO Insurance Plc, Insurance company of the year; FUG Pensions Limited, Pension Fund Administrator of the Year; YOA Insurance Brokers Limited and Glanvill Enthoven Insurance Brokers Limited, Insurance Broker of the year.

Professional Excellence Award went to Professor Joe Irukwu; Best Professional Group went to the Chartered Insurance Institute of Nigeria and Association of Registered Insurance Agents of Nigeria; Corporate Brand went to Mansard Insurance Plc and Leadway Assurance Limited while Corporate Social Responsibility Award was won by Sovereign Trust Insurance Plc.

The organisers also recognised organisations that distinguished themselves, with Excellence Award. Organisations in this category include the National Pension Commission, Lagos State Pension Commission, Goldlink Insurance Plc and Pension Transition Administration Directorate.

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