*Entrepreneur Ntando Kubheka has launched a platform to insure the properties of millions of poor South Africans — even if if they live in shacks or homes without title deeds. * Kubheka’s company, Sugar, is gaining steam after launch this year, and he has dreams of taking it global. In […]
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Retiree Life Annuity fund soared to N463.10bn in Q2 2020
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) said the Retiree Life Annuity (RLA) depicts marginal growth as the portfolio recorded 83,917 contracts purchased for a total premium of ₦376,585,316,488.84 as at end of Q2, 2020, which depicts 2.69 per cent and 1.58 per cent […]
Obasanjo, Gbenga Daniel congratulate Soyewo at 70
Soyewo Leave a comment and share Chuks Udo Okonta Former President, Chief Olusegun Obasanjo has joined other well-wishers in congratulating Prince (Dr) Feyisayo Soyewo, past President of the Nigerian Council of Registered Insurance Brokers (NCRIB) and the Olori Omo Oba of Ago-Iwoye on his 70th birthday. In a letter of […]
Recapitalisation: Insurers embrace consolidation
Thomas The Commissioner for Insurance, National Insurance Commission (NAICOM), Sunday Thomas, bares all in this interview with OMOBOLA TOLU-KUSIMO. He spoke on why the insurance industry must attain minimum of N1 trillion premium income mark in the next two years, the ongoing recapitalisation as well as plans by the commission […]
NAICOM eyes states involvement in new MDRI regime
Thomas Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) said it is rejigging the Market Development and Restructuring Initiatives (MDRI) to make room for agencies of states to be involved in the system. The Commissioner for Insurance, Sunday Thomas, said this in a chat with […]
Over N11.09tn pension fund assets oiling wheel for economic growth
Funds generated from pension contributions which presently stand above N11.09 trillion is believed to have helped shaped the economy and impact lives. Chuks Udo Okonta in this report examines how the fund is helping the nation and individuals meet their projections. Since the inception of the Contributory Pension Scheme (CPS) […]
Damage from riots across the US may cost insurance companies more than $1 billion
*Even though the costs are already high, the losses could be significantly more with the coming election season… by Franz Walker via Natural News (Natural News) The damage from riots sparked by the police killing of George Floyd may end up being the most expensive in U.S. history, costing insurance […]
When claims settlement becomes the judge
Sunday Thomas I believe that the recapitalisation will be the leveler because we are going to factor in all those outstanding claims before we adjudge any company as having met requirement. There is what we call age analysis and this ensures that if you have claims that have been more […]
Touching lives when it matters
Babatunde Fajemirokun This endeavour is reflective of our corporate culture of touching lives and impacting communities. These are challenging times and we are mindful of the impact. We have a long-term plan in place to ensure the sustainability of these efforts. Managing Director AIICO Insurance Plc, Babatunde Fajemirokun
Recapitalisation for micro insurance firms coming
Thomas Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is nursing the idea to raise the operating capital for micro insurance business, Inspenonline can report. The Commissioner for Insurance, Sunday Thomas, alluded to this fact in an interview with NAIPCO Trumpet a journal published by […]
