insurance and pension news
Saturday, September 21, 2024
Nandi Ntini The two-pot retirement system officially kicks in [in] September 1 and is aimed at cushioning the financially burdened workers by allowing them to withdraw from their retirement funds. The two-pot retirement system officially kicks in [in] September 1 and is aimed at cushioning the financially burdened workers by […]
Kindly leave a comment and share Chuks Udo Okonta The Managing Director/Chief Executive Officer of one of the oldest insurance companies in Nigeria, Universal Insurance Plc, Dr. Benedict Ujoatuonu, said his Company is one of the leading underwriters of Bond and Guarantee Insurance in Nigeria. He made the revelation at […]
Kindly leave a comment and share Chuks Udo Okonta Any insurance company that has not less than five complaints of failure to pay claims promptly made against it which the National Insurance Commission (NAICOM) has received and verified, risks loosing its operational licence, the Insurance Reform Bill, has proposed. This […]
Kindly leave a comment and share Chuks Udo Okonta A company, firm or other combination of persons, each principal officer of the company, firm or other combination of persons, who transact any insurance business without being licensed for that purpose, commit an offence and is liable on conviction, to a […]
Kindly leave a comment and share Chuks Udo Okonta We, the former Group Managing Directors (GMDs) of NNPC, express our unwavering support for the current leadership and their commendable efforts in advancing the company’s strategic objectives across key sectors. Today, 20th July, 2024, NNPC hosted a CEO Forum attended by […]
Kindly leave a comment and share Chuks Udo Okonta The reform insurance bill which was yesterday passed for the second reading by the Senate has pegged the minimum capital base for non-life insurance business at ₦25 billion; life business N15 billion and reinsurance N45 billion, Inspenonline can report. Though the […]
Kindly leave a comment and share Chuks Udo Okonta with agency report The Senate yesterday Thursday, passed for a second reading, a bill to reform the insurance sector in Nigeria. The bill sponsored by its Chairman, Committee on Banking, Insurance and Other Financial Institutions, Senator Adetokunbo Abiru (APC Lagos East), […]
Kindly leave a comment and share with others Chuks Udo Okonta NAICOM and the Lagos State Fire Service held a strategic meeting yesterday in Abuja to improve collaboration and partnership in the ongoing effort to strengthen the enforcement of Public Building Insurance in Lagos State.
