Header Ads

#EndSARS mayhem cost insurance firms N4 billion - NIA

The Nigerian Insurers Association (NIA) said insurance companies paid N4 billion as claims arising from over 2,000 businesses affected by the mayhem that followed the #EndSARS protests.

Ganiyu Musa, Chairman of the NIA, disclosed this at a news conference in Lagos on Thursday.

Mr Musa also assured customers that all genuine claims emanating from the protests would be paid.

He stated insurance operators were still collating claims stressing that every genuine claim would be settled.

“The number of insured businesses that were affected at the last count was about 2,000 insured loss, and the industry has settled N4 billion claims out of N4.5 billion in respect of the #EndSARS protests.

“Once they are documented and completed, we have the commitment of our members that the claims will be paid timely,” he explained.

Mr Musa added that the association was on top of the developments and would continue to encourage its members to pay all genuine claims in line with the expanded policies.

On the review of the Consolicited Insurance Act 2020, he expressed satisfaction that it would align the industry with the global best practices and promote insurance business in the country.

Mr Musa further noted that the current insurance legislation was outdated, making it impossible to do the needful.

He disclosed that the association had commenced discussions with the Lagos State Building Control Agency as part of engagements on implementing the Lagos State Building law in line with the compulsory insurance initiative.

“We are also working closely with the state Vehicle Inspection Service on enforcement of Third Party Motor Insurance in the state.

“We are engaging Kaduna, Kogi and Ogun states and remain hopeful that other states will see value in the platform and embrace it. Out of the estimated 13 million vehicles in Nigeria, only about 2,939,767 Third Party Motor policies are in force as of April 26, 2021,” he said.



No comments

Thank you for reaching out to us. We are happy to receive your opinion and request. If you are need advert or sponsored post, We’re excited you’re considering advertising or sponsoring a post on our blog. Your support is what keeps us going. With the current trend, it’s very obvious content marketing is the way to go. Banner advertising and trying to get customers through Google Adwords may get you customers but it has been proven beyond doubt that Content Marketing has more lasting benefits.
We offer majorly two types of advertising:
1. Sponsored Posts: If you are really interested in publishing a sponsored post or a press release, video content, advertorial or any other kind of sponsored post, then you are at the right place.
WHAT KIND OF SPONSORED POSTS DO WE ACCEPT?
Generally, a sponsored post can be any of the following:
Press release
Advertorial
Video content
Article
Interview
This kind of post is usually written to promote you or your business. However, we do prefer posts that naturally flow with the site’s general content. This means we can also promote artists, songs, cosmetic products and things that you love of all products or services.
DURATION & BONUSES
Every sponsored article will remain live on the site as long as this website exists. The duration is indefinite! Again, we will share your post on our social media channels and our email subscribers too will get to read your article. You’re exposing your article to our: Twitter followers, Facebook fans and other social networks.

We will also try as much as possible to optimize your post for search engines as well.

Submission of Materials : Sponsored post should be well written in English language and all materials must be delivered via electronic medium. All sponsored posts must be delivered via electronic version, either on disk or e-mail on Microsoft Word unless otherwise noted.
PRICING
The price largely depends on if you’re writing the content or we’re to do that. But if your are writing the content, it is $60 per article.

2. Banner Advertising: We also offer banner advertising in various sizes and of course, our prices are flexible. you may choose to for the weekly rate or simply buy your desired number of impressions.

Technical Details And Pricing
Banner Size 300 X 250 pixels : Appears on the home page and below all pages on the site.
Banner Size 728 X 90 pixels: Appears on the top right Corner of the homepage and all pages on the site.
Large rectangle Banner Size (336x280) : Appears on the home page and below all pages on the site.
Small square (200x200) : Appears on the right side of the home page and all pages on the site.
Half page (300x600) : Appears on the right side of the home page and all pages on the site.
Portrait (300x1050) : Appears on the right side of the home page and all pages on the site.
Billboard (970x250) : Appears on the home page.

Submission of Materials : Banner ads can be in jpeg, jpg and gif format. All materials must be deliverd via electronic medium. All ads must be delivered via electronic version, either on disk or e-mail in the ordered pixel dimensions unless otherwise noted.
For advertising offers, send an email with your name,company, website, country and advert or sponsored post you want to appear on our website to omodjk(at)gmail(dot)com

Normally, we should respond within 48 hours.