Na Whao

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Pension not behind resignation of MPs

New rules governing MPs pension funds were introduced recently Gwede Mantashe. Picture: PUXLEY MAKGATHO It is unlikely that axed members of President Jacob Zuma’s Cabinet resigned as MPs to preserve their lucrative pensions, after new rules governing their pension funds were introduced recently. Last week, ANC secretary-general Gwede Mantashe hit […]

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Prostitutes kill retired Soldier over pension

By Muyiwa Adeyemi A retired soldier, Olayode Samuel, has been killed by some persons suspected to be prostitutes after dispossessing him of his pension. The retired soldier was said to be running a brothel in Odo Owa community in Ijero Council of Ekiti State. A source said the suspected prostitutes […]

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‘Poor awareness bane of Takaful insurance’

From left: Head, Technical & Risk Management Division, Cornerstone Insurance Plc, Martins Uwuilekhue and Group Managing Director/Chief Executive Officer, Ganiyu Musa at the event. By Sunday Michael Ogwu The Group Managing Director of Cornerstone Insurance Plc, Mr Ganiyu Musa, has attributed the slow penetration of Takaful Insurance in the country […]

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Best and worst short-term insurers in South Africa in 2017

The latest South African Customer Satisfaction Index (SAcsi) for Short-Term Insurers, conducted by Consulta, reports that South African short-term insurance customers are the most satisfied with Santam’s offerings. With an overall SAcsi score of 81.3, Santam is well above the industry average of 75.8. It is the only insurer to […]

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NCRIB hails FG over Naira appreciation

The Nigerian Council of Registered Insurance Brokers (NCRIB) at the weekend commended the federal government on the recent appreciation of the Naira. The President of the Council, Mr Kayode Okunoren, told newsmen in Lagos that the recent appreciation of the Naira against other foreign currencies had brought succour to Nigerians. […]

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World Bank rep calls for supervision of index-insurance

By ARTEMIS Index-based, or parametric structured insurance solutions, while beneficial and expanding across the world, require greater supervision, according to Lead Insurance Specialist at the World Bank, Craig Thorburn. Insurance industry supervisors, policymakers and insurers from the Asia Pacific region met in Singapore at the 9th Consultative Forum in March, […]