Kindly leave a comment and share Chuks Udo Okonta The Lagos State Internal Revenue Service (LIRS) would on Friday, August 5, 2022, launch its Whistle-Blower initiative, a state-wide project, introduced to provide a platform for employees, stakeholders and the general public to report any observed violation, misconduct, or unethical behaviour […]
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PFAs earn N125.39bn in 2021
Kindly leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) generated total earnings of N125.39 billion in the financial year ended 31 December 2021, National Pension Commission (PenCom) has said. PenCom disclosed this it its 2021 annual report, stating that this indicated an increase of 14.33 per […]
EduSure: Old Mutual Nigeria unveils education protection plan
Kindly leave a comment and share Chuks Udo Okonta In recognition of the role of education in social and economic development for future generations, the Nigerian subsidiary of Old Mutual Limited (OML) has launched an Education Protection Plan (EPP or EduSure) that assists parents/guardians secure uninterrupted learning for their children/wards. […]
NAICOM partners insurers on product testing, withdrawal
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is working with insurance practitioners on sandbox, an initiative that would enable them test and withdraw a product that failed to meet public expectations. Inspenonline gathered that NAICOM would soon issue a guideline to this effect. The […]
Esteeming claims payment
I think the industry chieftains need to take another look at their actions. With due respect, I do not see any reason why anybody would collect premium and would not be able to pay claims. This game is a law of large numbers. You see everybody in a jeep and […]
NAICOM to conduct RBS pilot test in 8 insurance firms, as RBC may takeoff in 2023
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) would this month – August, commenced a pilot Risk Based Supervision (RBS) examination in eight insurance companies, Inspenonline can report. The Deputy Commissioner, Technical, NAICOM, Sabiu Abubakar, who disclosed this at a forum recently in Lagos, […]
NAICOM boss to chair Business Journal public presentation Sept 16
Leave a comment and share Commissioner for Insurance/CEO, National Insurance Commission NAICOM, Olorundare Sunday Thomas, will chair the public presentation of Business Journal newspaper on Friday, September 16, 2022 at Sheraton Hotel, Ikeja Lagos. The NAICOM letter to Business Journal which was dated July 18, 2022 and signed by Rasaaq […]
Insurance sector to discard fixed premium charge for standard rate
Leave a comment and share Chuks Udo Okonta Insurance premium would soon no longer be fixed as the National Insurance Commission (NAICOM) is coming up with guidelines to ensure premiums are placed on minimum and maximum standard. Inspenonline gathered that the guidelines would ensure insurance premiums don’t slide below a […]
Liquidation: NAICOM should close insurance firms with just N1,000 third party product sold via VIO – Insurer
Kindly leave a comment and share Chuks Udo Okonta The liquidation threat issued by National Insurance Commission (NAICOM) has continued to generate reasons as an insurer has implored the industry regulator to liquidate firms that have just third party product, sold at N1,000 in Vehicle Inspection Office (VIO). The Deputy […]
Stanbic IBTC Pension Managers pledges commitment to enhancing organisations’ welfare
Leave a comment and share Chuks Udo Okonta Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings has reiterated its commitment to the well-being of its customers. Olumide Oyetan, Chief Executive, Stanbic IBTC Pension Managers stated this at the 2022 edition of the Stanbic IBTC Pension Managers Employers Forum. […]
