.Net claims swallow net premium income Leave a comment and share Chuks Udo Okonta Some Life Insurance companies in 2016 paid huge net claims which gulped their net premium income, Inspenonline can report. Data obtained from the Nigerian Insurers Association (NIA) revealed that firms like Ensure Insurance Plc, had a […]
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Old Mutual offers free financial education to over 15,000 persons
an Resources & Planning, American University of Nigeria, Nurha Bamalli; Acting Worksite Acquisition Manager, Old Mutual Insurance, Isaac Onaolapo at a Financial Education Workshop held recently at the American University of Nigeria, Yola, Adamawa State. Leave a comment and share Chuks Udo Okonta Old Mutual Insurance has in line with […]
Stress free workplace boost workers efficiency – Ambode
Ambode Weak or ineffective management which leaves employees feeling they don’t have a sense of direction or over-management, which can leave employees feeling undervalued affects their self-esteem and efficiency, Lagos State Governor, Akinwunmi Ambode, has said. Besides, failure to keep employees informed about significant changes to the organisation causes them […]
Photo: Faces at PenCom’s meeting with Journalists
From left: Head Research & Strategy Management Department, National Pension Commission, Dr. Farouk Aminu; Acting Director General, Aisha Dahir-Umar; Company Secretary/Legal Adviser, Mohammed Sani and Head, Corporate Communications Department, Peter Aghahowa at a meeting with Journalists in Abuja.
29 insurance firms post negative reserves
Leave a comment and share Chuks Udo Okonta Twenty nine insurance companies have negative reserves a report by the Nigerian Insurers Association (NIA) has revealed. According to the 2016 Nigeria Insurance Digest, Produced by the association, the firms posted negative reserves amounting to N93.15 billion in 2016. The NIA report […]
Photos: Faces at Val Ojumah’s father in-law burial ceremony
Managing Director FBNInsurance, Val Ojumah, (3rd left) with his friends at the late Chief George Emo-Agege’s burial ceremony in Delta State. From left: Managing Director Prudential Life; Wale Banmore; Executive Director Operations Equity Assurance Plc, Samuel Ogbodo; Managing Director, FBN General Insurance, Bode Opadokun and Managing Director Equity Assurance Plc, […]
Insurance firms borrow N68.57bn for expansion
Leave a comment and share Chuks Udo Okonta Some insurance companies had between 2013 to 2016 borrowed about N68.57 billion to support their operations, Inspenonline can report. Data obtained from the Nigerian Insurers Association (NIA) revealed that Non life operators borrowed N60 billion, while Life operators borrowed N8.57 billion. According […]
Allianz Artificial Intelligence Report: Rise of the robots brings huge benefits for businesses, but also creates new loss and liability scenarios
.AI-based applications will increase vulnerability of businesses to cyber-attacks and technical failure, leading to larger-scale disruption and loss scenarios .Companies face liability challenges as responsibility shifts from human to machine and manufacturer. New framework needed to manage rise in AI-generated damages .Risk management can help maximize the net benefits of […]
Investment portfolio in Nigeria’s insurance industry grew by 8% to N762 billion in 2017
The 2018 Nigerian Insurance Industry report by Agusto & Co. has revealed poor performance of the investment portfolio in the sector. The 206-page report which also ranked firms in the industry across various financial indicators, also highlighted major challenges contributing to the industry’s low performance, particularly its investment portfolio management […]
PTAD refutes receiving N54bn for payment of 33% pension arrears
Leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) has refuted news reports that it recently received N54 billion from the Federal Government to pay 33 per cent pension arrears. PTAD stated this on its Twitter Handle stating that the attention of the its Executive […]
