Dr. Apere Leave a comment and share Chuks Udo Okonta Criticisms such as not allowing a level playing field for all conventional companies in the insurance industry under the cancelled Tier Based Minimum Solvency Capital, (TBMSC), may be applicable to the current tiered micro-insurance capital structure, the Managing Director/Chief Executive […]
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PenCom recovers N16.01bn outstanding pension contributions with penalty from defaulting employers
Acting Director-General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Insurance Commission (PenCom) has said the total recoveries of outstanding pension contributions and penalty from defaulting employers from inception to June 2019 amounted to N16.01 billion, comprising principal contributions of N8.22 billion and penalty […]
Stanbic IBTC upgrades infrastructure of Lagos Primary School
From left:,Mrs. Oluwabunmi Morenikeji Oteju, Director, State Universal Basic Education Board, Lagos State; Mrs. Elizabeth Adebola Ogunmola, Head Teacher, Abaranje Primary School, Abaranje, Lagos State; Mrs. Angela Omo – Dare, Head, Country Legal Services, Stanbic IBTC Holdings PLC and Hon. Alamu Airat Mojirade, Education Secretary, Alimosho LGEA, Lagos State; at […]
Africa Re wins 2018 NAIPCO Insurance Development Promoter Award
From right: Deputy Managing Director/COO, African Reinsurance Corporation (Africa Re) Ken Aghoghovbia, receiving award of the 2018 NAIPCO Insurance Development Promoter Award from Mohammad Ahmad, Chairman of the NAIPCO 2019 National Conference held in Lagos. African Reinsurance Corporation (Africa Re), a leading pan-African reinsurance company and the largest reinsurer in […]
Recapitalisation: Expert advocates conversion of failed firms to micro insurers
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has been told to consider the conversion of insurance firms that are not able to scale the recapitalisation hurdles to micro insurance underwriters. The Managing Director/Chief Executive Officer, Achor Actuarial Services Limited, Pius Apere, said this at […]
Old Mutual to use ‘insurance drones’ to investigate car accidents
Old Mutual plans to be the first South African insurer to use drones. After a two-year planning and pre-registration process, the company says it has passed the operational audit and demonstration flights as required by the South African Civil Aviation Authority (SACAA). It is now in the final certification phase […]
Kasunmu takes over as general manager LASRRA
Leave a comment and share Chuks Udo Okonta The Lagos State Government has deployed Engr. (Mrs) Ibilola Kaunmu to Lagos State Residents’ Registration Agency (LASRRA) as the new General Manager.She took over from Mrs. Olukemi Adelusi who retired statutorily on Friday, 30th August, 2019 after 32 years of meritorious service. […]
Insurers roll out digital cover certificates to curb fraud
The Association of Kenya Insurers (AKI) has developed a virtual motor insurance certificate to curb insurance-related fraud in the industry. The insurance industry umbrella lobby said Monday that the digitisation of the insurance certificates will break an elaborate motor vehicle fraud scheme that has been bleeding the industry of millions […]
Global Insurance Market 2019 To 2024: Demand To Be Highest In Market Research Industry
By Elizabeth Maples The report offers a detailed overview of the “Global Insurance Market 2019 ” covering key factors like drivers and restraints impacting the growth. The global market is segmented on the basis of manufacturers, product type, applications, and regions. In addition to this, the Insurance report also demand […]
NIA Chief, Tope Smart to Chair Business Journal Lecture/Awards 2019
Smart The Chairman, Nigerian Insurers Association (NIA) and also Group Managing Director/CEO, NEM Insurance Plc, Tope Smart, will chair the Business Journal 2nd Annual Lecture/Awards 2019 which will examine the impact (opportunities & challenges) of digital disruption on various sectors of the Nigerian economy, including insurance. The event which is […]
