Business
Council Applauds NAICOM Over SIP Cancellation
The Nigerian Council of Registered Insurance Brokers (NCRIB) has applauded the National Insurance Commission (NAICOM) over the cancellation of State Insurance Producer (SIP), a new distributive insurance channel.
The President of NCRIB, Mr Shola Tinubu, commended the commission in an interview The Tide source, yesterday in Lagos.
The NCRIB boss said that SIP, if executed, would become a threat to brokers’ business in Nigeria.
According to Tinubu, brokers derives 70 per cent of their businesses from government, an aspect that SIP intends to serve.
He commended the Commissioner for Insurance, Alhaji Mohammed Kari, and his team for granting the council’s request.
He said the commission granted the council’s request barely 24 hours after a fruitful town hall meeting of top management of NAICOM and NCRIB.
He said: “As NAICOM ordered the immediate cancellation of operational guidelines on SIP barely 24 hours after a fruitful town hall meeting of top management of NAICOM and NCRIB on Dec. 20, a new dawn has come for the country’s insurance industry.”
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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