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 out at former ministers who […]

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 tied the retired soldier to […]

‘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 to low level awareness. The […]

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 consistently improve its score over […]

BRIEF-Great Nigeria Insurance posts FY pre-tax profit of 249.5 million naira

Great Nigeria Insurance Plc * FY pre-tax profit 249.5 million naira versus loss of 60.6 million naira year ago * FY gross written premium 3.12 billion naira versus 2.79 billion naira year ago Source text ID: (bit.ly/2nEJCFY) Further company coverage: Reuters

UK Pension Fund Deficit Falls To £500bn, According To PwC’s Skyval Index

New figures released today from PwC’s Skyval Index show the deficit of defined benefit (DB) pension funds stood at £500bn at the end of March 2017, a £20bn decrease since last month. PwC’s Skyval Index, based on the Skyval platform used by pension funds, provides an aggregate health check of the UK’s c.5,800 DB pension […]

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. He said: “It is heart-warming […]

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, 2017, and debated the challenges […]

Photo: NCRIB delegates at 3rd African Insurance Forum in Sandton, South Africa

From left: Chairman of the Lagos Area Committee of the Nigerian Council of Registered Insurance Brokers (NCRIB), Mr Segun Kafaru; President of NCRIB, Mr Kayode Okunoren; Dr Aguinado Jaime, Chairman of Angola Agency for Insurance Regulation and Supervision (ARSEG) and a member of the NCRIB Board, Mr Babatunde Oguntade during the 3rd African Insurance Forum, […]
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