Kindly leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has asked the federal and state governments to tackle challenges of insecurity and food scarcity bedeviling the country. The President of NCRIB Babatunde Oguntade, disclosed this today at the February Edition of NCRIB […]
Author: admin
FG transfers PTAD to Ministry of Finance
Kindly leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) is to be scrapped and functions transferred to the Federal Ministry of Finance. This part of the decision reached by Nigerian Government during the Federal Executive Council (FEC) meeting held yesterday Monday in Abuja. The […]
Stanbic IBTC Bank rewards 70 active customers with N100,000 each
Kindly leave a comment and share Chuks Udo Okonta Stanbic IBTC Bank, in its ongoing Reward4Saving Promo, rewarded 70 additional customers in the January draw, which brings the total number of beneficiaries to 1,424 since the inception of the promo in 2021. The Reward4Saving Promo was created to foster disciplined […]
What crisis should teach you about retirement
How insurers should manage exchange rate risk – Dr. Yusuf
Kindly leave a comment and share Chuks Udo Okonta The Chief Executive Officer Centre for the Promotion of Private Enterprise (CPPE) Dr. Muda Yusuf, has identified investment in hedged assets, currency forwards, diversification of investment portfolio and more as means insurance companies could adopt to manage the volatile exchange rate […]
Distrust clogs KYC policy on motor insurance
Kindly leave a comment and share Chuks Udo Okonta Distrust amongst insurance companies, brokers and agents is clogging Know-Your- Customer (KYC) policy on underwriting of motor insurance, Inspenonline can report. Investigation has revealed that most insurance brokers and agents are reluctant to give vital details such as phone number and […]
FG’s ambitious revenue targets may put pressure on insurance companies – Dr. Yusuf
Kindly leave a comment and share Chuks Udo Okonta The ambitious revenue targets by the government may put pressure on insurance companies from tax and regulatory authorities, Chief Executive Officer Centre for the Promotion of Private Enterprise (CPPE) Dr. Muda Yusuf, has said. He said this while speaking on the […]
International Energy Insurance unveils new office, repositions for growth
Kindly leave a comment and share Chuks Udo Okonta It was pomp and pleasantries at International Energy Insurance (IEI) Plc, a Norrenberger company and a leading player in the Nigerian insurance industry today as Oba Oniru commissioned the company’s new office at FF Millennium, Ligali Ayorinde, Victoria Island, Lagos. The […]
Insurfeel Initiative supports young folks with school fees protection insurance plan
Kindly leave a comment and share Chuks Udo Okonta Determined to help the younger generation especially students mitigate their risks, Insurfeel Initiative has rolled plans to donate School Fees Protection Plan to university and secondary students across the country. The donation which is a Corporate Social Responsibility (CSR) concept is […]
Risk-based Approach as an Imperative for Insurance Market Development in Nigeria
Kindly leave a comment and share Dr Pius Apere Introduction Risk-based approach, a combination of Risk-based supervision (RBS) and risk-based capital (RBC) regulation, has been identified as an imperative to enhance insurance market development in any country including Nigeria. Thus, the need to introduce risk-based approach (and to depart from […]