Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) have invested the N7.77 million contributed by micro pension subscribers as at February 29, 2020 in Federal Government’s treasury bills and bank placement, Inspenonline can report. The National Pension Commission (PenCom) stated this in its […]
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China:Insurance industry optimistic in withstanding impact of COVID-19
By Vincent Liu Liang China’s insurance sector will be banking on domestic consumption to carry the country’s economy through a global slowdown as the world reels from the effects of the COVID-19 pandemic. At the same time, the crisis has also increased awareness on the importance of protection in the […]
COVID-19:FCA announces measures to help customers remain insured
By Anoop Khanna The Financial Conduct Authority of UK (FCA) has released a series of temporary measures to help insurance customers in financial difficulty to maintain their coverage. FCA interim executive director (strategy and competition) Sheldon Mills in a press release issued on 14 May 2020 said, “We have worked […]
ILAN felicitates with Thomas on his appointment as CFI, NAICOM’s CEO
Egbuniwe Leave a comment and share Chuks Udo Okonta The President-In-Council and the entire members of the Institute of Loss Adjusters of Nigeria (ILAN), have congratulated Sunday Thomas on his appointment as the Commissioner for Insurance (CFI) and Chief Executive Officer (CEO) National Insurance Commission (NAICOM), by the Federal Government […]
Lloyd’s set for massive payout, COVID-19 to result in record losses for industry
By Amir Sadiq Lloyd’s yesterday revealed that it expects to pay out in the range of $3bn to $4.3bn to its global customers as a result of the far-reaching impact of COVID-19, although losses could rise further if the lockdown measures continue into another quarter. The scale of losses would […]
Universal Insurance congratulates Thomas on appointment as CFI, CEO of NAICOM
Ujoatuonu Leave a comment and share Chuks Udo Okonta The Universal Insurance Plc, the Champions Newspapers Limited 2019 Best Innovative Insurance Company of the Year Award winner, has joined the array of well-wishers, professional colleagues, friends, the entire insurance business community as well as associates of Mr Sunday Thomas in […]
NIPSS Alumni donates COVID-19 relief materials to Lagos State
From left: Chairman of the Alumni Association of the National Institute, (AANI), Lagos Chapter, Barr. Rotimi Edu; Lagos State; Commissioner for Agriculture and Cooperative, Hon. Gbolahan Lawal; Vice Chairman AANI, Ms Omolara Balogun and Hon. Treasurer, ESV (Mrs) Olayinka Patuola-Ajayi during the presentation of Covid-19 palliatives to Lagos State Government […]
Regulator directs insurers to suspend dividend payments for FY2020
The IRDAI has directed insurers, in view of the emerging market conditions, and to conserve capital in the interests of policyholders and the economy at large, to take a conscious call to refrain from paying out dividends from profits pertaining to the financial year ended 31 March 2020 (FY2020), till […]
Pension fund regulator to review fee balance between customers and fund managers
The Pension Fund Regulatory and Development Authority (PFRDA) has said that it will look into the fee structure for pension funds. Currently, pension fund managers in India earn one paise for every INR100 of funds managed under the National Pension System (NPS) which the PFRDFA oversees, reported Moneycontrol. Mr Supratim […]
COVID-19 has revealed importance of insurance – Anchor Insurance boss
Osegha Leave a comment and share Chuks Udo Okonta The Managing Director/Chief Executive Officer, Anchor Insurance Company Limited, Ebose Augustine Osegha, has said insurance all over the world remains risk mitigating mechanism and called on Nigerians to embrace insurance having seen what COVID-19 pandemic has done to businesses, human lives […]
