Omagbitse A couple of weeks ago, a participant at a workshop drew my attention to the fact that the Rivers State Government had shut down over 1,800 illegal schools in the State and was planning to do much more in the months ahead. The context of our discussion was Pensions […]
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Property Insurer Expects London Fire Payouts to Exceed 25 Million Pounds
This week’s fire in a 24-storey block of flats in London is expected to cost property insurers more than 25 million pounds ($31.8 million), Norwegian insurer Protector Forsikring told Reuters on Thursday. The company expects the cost to be covered mainly by its reinsurance program. “Reinsurance is handled by Munich […]
UK car insurers saw losses of £3.5bn in 2016 due to new compensation rules
Cut in compensation for serious injuries will see insurance premiums rise, with young drivers the worst hit, says a report By Julia Kollewe Britain’s car insurers suffered combined losses of £3.5bn last year due to controversial new compensation rules for serious injuries, according to a report which predicts further sharp […]
AIG teams with IBM to use blockchain for ‘smart’ insurance policy
By Suzanne Barlyn Insurer American International Group Inc (AIG.N) has partnered with International Business Machines Corp (IBM.N) to develop a “smart” insurance policy that uses blockchain to manage complex international coverage, the companies said on Wednesday. AIG and IBM completed a pilot of a so-called “smart contract” multi-national policy for […]
Kenya’s pension industry to hit 10 bln USD by end of 2017
By Ronald Njoroge Kenya’s pension industry is expected to hit 10 billion U.S. dollars under management by the end of 2017, the industry regulator said on Wednesday. Retirement Benefits Authority (RBA) Acting CEO Nzomo Mutuku told a media briefing the funds held by the pension industry as of December 2016 […]
NAICOM approves 33 firms’ queried Standard Alliance 3 others
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has approved the 2016 financial accounts of 32 insurance firms and one Reinsurance. According to the status of financial statements of insurance companies as at 13, June 2017, made available to Inspenonline by NAICOM, 41 firms have […]
Lagos prepares workers to align with new trends
From left: Permanent Secretary Office of Establishments and Training/Chairman Joint Negotiating Council , Mrs Folasade Ogunnaike, Honourable Commissioner Ministry of Establishment, Training and Pensions Dr. Akintola Benson Oke, Chairman House Committee on Establishments, Training, Pensions and Public Service Hon. Adedayo Famakinwa and MD/CEO Novo Consult Limited, Ovo Longe at the […]
Leadway Assurance grosses N52.7bn, pays N23bn claims
.Announces appointment of new directors Leave a comment and share Chuks Udo Okonta Leadway Assurance Company Limited, said its assets grew from N137.3 billion 2015 to N166 billion in 2016. Gross Premium Income (GPI) also rose by 13 per cent from N46.6 billion to N52.7 billion, an increase largely attributable […]
FUG Pensions Partners Covenant University on E-Governance
Managing Director/Chief Executive, FUG Pensions, Usman Suleiman (3rd Left) with Prof Patience Akpan-Obong, Conference Facilitator, E-Governance, Covenant University (m) and the Company Secretary/Legal Adviser, FUG Pensions (4th Right) at the just concluded E-Governance Conference held in Ota, Ogun State recently. Leave a comment and share Chuks Udo Okonta Future Unity […]
Effective Strategic Management for Repositioning and Higher Responsibilities
Dr Oke Effective Strategic Management for Repositioning and Higher Responsibilities (Being the Keynote Address delivered by Dr. Akintola, Benson Oke, FCArb, the Honourable Commissioner, Lagos State Ministry of Establishments, Training and Pensions at the Opening Session of the 2-Day Workshop tagged: ‘Effective Strategic Management for Repositioning and Higher Responsibilities’ organized […]
