Leave a comment and share The National Pension Commission (PenCom) in a bid to ensure sufficient oversight and supervision of risk management processes, has directed Risk Management Departments of all Pension Fund Administrators (PFAs) with Funds Under Management (FUM) of N100 billion and above to report directly to the Managing […]
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South African Insurance Bill signed into law
On 17 January 2018, the President of the Republic of South Africa signed the Insurance Bill into law. Inter alia, the now Insurance Act, 2017, provides a consolidated legal framework for the prudential supervision of the insurance sector that is consistent with international standards for insurance regulation and supervision, and […]
Insurance agents to explore opportunities in microinsurance
Leave a comment and share Chuks Udo Okonta Insurance agents hope to collectively examine the recently released revised guideline on microinsurance and determine how to maximize opportunities therein. The Chairman in Council, Association of Registered Insurance Agents of Nigeria (ARIAN) Gbadebo Olameru, told this medium that the body will sit […]
CHI rights issue attains 100.09% success
Efekoha Leave a comment and share Chuks Udo Okonta Shareholders of foremost Insurer, Consolidated Hallmark Insurance (CHI plc) have affirmed their full support for, and confidence in the operations of the organisation with a 100.09 per cent subscription of the recent Rights Issue that set out to raise N500 million […]
‘Insurance low penetration shows humongous growth potentials’
Leave a comment and share Chuks Udo Okonta The insurance industry is a green field waiting to be harvested, even as the low penetration shows clearly the humongous growth potential, Chairman, Law Union & Rock Insurance Plc, Remi Babalola, has said. He noted in a paper entitled: ‘The Future Today […]
Unmanaged IT deployment threat to brokers, insurers relationship – Expert
Leave a comment and share Chuks Udo Okonta Insurers and brokers have been urged to effectively manage the deployment of information technology so that it would not create strains on their relationship. The Past President, Nigerian Council of Registered Insurance Brokers (NCRIB), Kayode Okunoren, said this in a paper entitled: […]
Microinsurance creates opportunities for retired insurance professionals- Experts
Leave a comment and share Chuks Udo Okonta The revised microinsurance guideline recently issued by the National Insurance Commission (NAICOM) has opened doors of opportunities for retired and retiring insurance professionals, experts have said. According to them, the categorization of the microinsurance business would enable the professionals, especially managing directors […]
Workers effectiveness crucial to Lagos transformation – Ambode
Ambode Leave a comment and share Chuks Udo Okonta Lagos State Governor Akinwunmi Ambode, has said the State Civil Service has been repositioned to enable workers perform effectively. He said this is because his administration has gone all out to implement, on the largest scale imaginable, series of programmes that […]
Royal Exchange Prudential Life to deploy robust retail marketing strategy
Banmore Leave a comment and share Chuks Udo Okonta Royal Exchange Prudential Life Assurance (REPLA) has been urged to focus on customer service excellence, among other major initiatives, in its quest for market leadership and enhance the company’s status as a dominant player in the life insurance industry in the […]
Lagos keen on delivering value to residents
Ambode Leave a comment and share Chuks Udo Okonta Lagos State is keen to produce impactful, influential, and inspirational leaders in its public servants to deliver value for the people, Governor Akinwunmi Ambode, has said. He spoke at a training for senior civil servants on the topic, “Leadership And Management […]
