Leave a comment and share Chuks Udo Okonta The Federal Government has released the sum of N14.92 billion for the payment of accrued rights for retirees under the Contributory Pension Scheme (CPS). A statement by the Head, Corporate Communications Department, PenCom, Peter Aghahowa, stated that the amount will cover four […]
Author: admin
Pension fund assets soar to N11.09tn, gain N666bn in six months
Acting Director-General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The Pension fund assets stood at N11.09 trillion as June 2020, the National Pension Commission (PenCom), has said. PenCom stated this in its released summary of pension fund assets as at June 30, 2020. The report […]
S. Africa’s Sanlam strikes money management deal
South African insurance group Sanlam has agreed to establish one of the largest Black-owned money management firms in the country through a deal with African Rainbow Capital Financial Services. The deal will see ARC FS take a 25% stake in Sanlam’s South African third-party money management business, Sanlam Investments. The […]
FBNInsurance boosts customers service with robust payment channels
Ojumah Leave a comment and share Chuks Udo Okonta FBNInsurance Limited, a foremost insurance company in Nigeria and a member of the Sanlam Group, said it is adequately positioned for the new norm as it has upgraded her digital capabilities and platforms to effectively serve customers, through various payment channels. […]
NAICOM underscores impacts of COVID-19 on insurance regulation
Thomas Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said it is adjusting to the challenges and opportunities which the COVID-19 pandemic has imposed on the socio-economic and business environment. The Commissioner for Insurance, Sunday Thomas, who disclosed this today at the Nigerian Council […]
Photos: Faces at NCRIB 2020 CEOs’ Empowerment Series in Lagos
From left: Deputy President, Nigerian Council of Registered Insurance Brokers (NCRIB), Barr. Rotimi Edu. mni; President, Lagos Chamber of Commerce and Industry (LCCI), Mrs. Toki Mabogunje; Vice President, NCRIB, Tunde Oguntade; Chief Reputation Strategist, Opticomm Marketing, Olusegun McMedal; and Managing Director, Universal Insurance Plc, Ben Ugochukwu Ujoatuonu at 2020 CEOs’ […]
GOODWILL MESSAGE BY THE COMMISSIONER FOR INSURANCE/CHIEF EXECUTIVE OFFICER, NATIONAL INSURANCE COMMISSION (NAICOM) MR. THOMAS O. S. AT THE NCRIB 2020 CEOs’ RETREAT ON AUGUST 20TH, 2020.
Thomas GOODWILL MESSAGE BY THE COMMISSIONER FOR INSURANCE/CHIEF EXECUTIVE OFFICER, NATIONAL INSURANCE COMMISSION (NAICOM) MR. THOMAS O. S. AT THE NCRIB 2020 CEOs’ RETREAT ON AUGUST 20TH, 2020. Protocol, It is my pleasure to congratulate the President and Chairman of the governing Council of the Nigerian Council of Registered Insurance […]
Macroeconomic uncertainty poses risk to insurers’ balance sheets
By Ranamita Chakraborty With corporate bonds constituting a majority of the insurance industry’s assets, the balance sheets of insurers are now at risk due to recent coronavirus-induced macroeconomic uncertainty. This finding was revealed in a new AM Best special report titled ‘Corporate bond holdings pose risk to insurers’ balance sheets’. […]
Virtual reinsurance renewal season supports insurers during pandemic
By Ranamita Chakraborty In the absence of usual face-to-face industry conferences and meetings during the COVID-19 pandemic, Aon has launched its virtual reinsurance renewal season for insurers. On this occasion, the broker has also called upon the (re)insurance industry to collaborate in order to bring capital closer to clients’ needs […]
Egypt:Hit-and-Run Accident Fund pays lower compensation due to COVID-19 lockdown
By MEIR team The government-run Hit-and-Run Accident Fund, which covers damage caused in hit-and-run accidents, has paid EGP136.1m ($8.5m) during the last fiscal year which ended on 30 June 2020 (FY2020). This was 2% lower compared to compensation of EGP139m paid the previous fiscal year. Mr Mohsen Ismail, chairman of […]
