Leave a comment and share Chuks Udo Okonta Insurance operators are expected to set aside three per cent of their net premium on motor vehicles policies, which part of the fund would be used to procure equipment for the Nigeria Police, Federal Road Safety Corps and Road-Traffic Agencies. This is […]
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ECOWAS to inaugurate Musa as Chairman, Council of Bureaux
Leave a Comment and share Chuks Udo Okonta The Economic Community Of West African States (ECOWAS) is set to inaugurate Ganiyu Musa, as the Chairman of Council of Bureaux, ECOWAS Brown Card Insurance Scheme. To this end, the inauguration, slated for 26th of January, 2020, is expected to take place […]
Chairman ORC Elusakin unveils 5-point agenda
Elusakin Leave a comment and share Chuks Udo Okonta The Chairman, Office Representatives Committee (ORC) of the Chartered Insurance Institute of Nigeria, Gbenga Elusakin, has unveiled a 5-point agenda on which his is administration would leveraged to drive its set objectives. He unveiled the agenda during his investiture as the […]
Photos: Faces at investiture of Chairman ORC, CIIN today in Lagos
From right: Rector, College of Insurance & Financial Management, Dr. Yeside Oyetayo, administering the oath of office; Chairman, Office Representatives Committee of the Chartered Insurance Institute of Nigeria, Gbenga Elusakin and his wife at the event. From left: Chairman, Office Representatives Committee of the Chartered Insurance Institute of Nigeria, Gbenga […]
Exclusive rights offered local reinsurers stifle underwriting technical knowledge – IMF
Leave a Comment and share Chuks Udo Okonta Mandatory cession, preferential tax treatment and supervisory exemptions offered to local reinsurers create an unlevel playing field, hinder competition and deny insurers the benefit from the transfer of technical know-how from foreign reinsurance companies, hence should be reconsidered, the International Monetary Fund […]
Polaris Bank offers business loan to SMEs
Leave a comment and share Chuks Udo Okonta Polaris Bank has introduced a cash flow lending product for Small and Medium Enterprises (SMEs) tagged; Polaris Business Loan. A statement issued by the Bank, the Group Head, Products & Market Development, Mrs. Adebimpe Ihekuna, said the facility offers both existing and […]
Niger Insurance delights claimants with N1.7bn claims payout
From left: Chairman, Niger Insurance Plc, Dr. Stephen Dike; Managing Director, Edwin Igbiti, and Director, Mijinyawa Lawal, at the company’s Annual General Meeting in Lagos, yesterday Leave a comment and share Chuks Udo Okonta Niger Insurance Plc. has soothed pains of its policyholders by paying N1.7 billion as claims in […]
Consolidated bill pegs insurance capital at N8bn, N10bn, N20bn
Leave a Comment and share Chuks Udo Okonta In spite efforts by some individuals to thwart the recapitalisation of the insurance sector, operators will still need to raise their capital to N8 billion; N10 and N18 billion immediately the consolidated bill transforms to an Act. Data obtained from the bill […]
NAICOM supports FBS Reinsurance
Leave a Comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has thrown its supports behind the newly licenced FBS Reinsurance Limited by ensuring that underwriters recognise the firm as they embark on this year’s reinsurance treaties. Inspenonline gathered that underwriters which hitherto failed to recognised the firm […]
Contributors inject N1.85tn into pension fund in 11 months
Leave a Comment and share Chuks Udo Okonta About N1.85 trillion was injected into the pension fund assets between January and November 2020 by Contributory Pension Scheme (CPS) subscribers, Inspenonline can report. Data obtained from the National Pension Commission (PenCom) revealed that as at January 2020, the pension fund assets […]
