Author: admin
How insurers should manage exchange rate risk – Dr. Yusuf
Kindly leave a comment and share Chuks Udo Okonta The Chief Executive Officer Centre for the Promotion of Private Enterprise (CPPE) Dr. Muda Yusuf, has identified investment in hedged assets, currency forwards, diversification of investment portfolio and more as means insurance companies could adopt to manage the volatile exchange rate […]
Distrust clogs KYC policy on motor insurance
Kindly leave a comment and share Chuks Udo Okonta Distrust amongst insurance companies, brokers and agents is clogging Know-Your- Customer (KYC) policy on underwriting of motor insurance, Inspenonline can report. Investigation has revealed that most insurance brokers and agents are reluctant to give vital details such as phone number and […]
FG’s ambitious revenue targets may put pressure on insurance companies – Dr. Yusuf
Kindly leave a comment and share Chuks Udo Okonta The ambitious revenue targets by the government may put pressure on insurance companies from tax and regulatory authorities, Chief Executive Officer Centre for the Promotion of Private Enterprise (CPPE) Dr. Muda Yusuf, has said. He said this while speaking on the […]
International Energy Insurance unveils new office, repositions for growth
Kindly leave a comment and share Chuks Udo Okonta It was pomp and pleasantries at International Energy Insurance (IEI) Plc, a Norrenberger company and a leading player in the Nigerian insurance industry today as Oba Oniru commissioned the company’s new office at FF Millennium, Ligali Ayorinde, Victoria Island, Lagos. The […]
Insurfeel Initiative supports young folks with school fees protection insurance plan
Kindly leave a comment and share Chuks Udo Okonta Determined to help the younger generation especially students mitigate their risks, Insurfeel Initiative has rolled plans to donate School Fees Protection Plan to university and secondary students across the country. The donation which is a Corporate Social Responsibility (CSR) concept is […]
Risk-based Approach as an Imperative for Insurance Market Development in Nigeria
Kindly leave a comment and share Dr Pius Apere Introduction Risk-based approach, a combination of Risk-based supervision (RBS) and risk-based capital (RBC) regulation, has been identified as an imperative to enhance insurance market development in any country including Nigeria. Thus, the need to introduce risk-based approach (and to depart from […]
CIIN harps on attraction of young folks into insurance business
Kindly leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) has charged insurance professionals to do their best in delivering efficient services to clients and ensure they increase the membership of the institute by bringing new and young folks into the insurance business. The […]
NAICOM canvasses effective interplay between governance, compliance, national budget for financial industry growth
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said effective interplay between governance, compliance, and the national budget is essential for building a resilient financial industry. The Deputy Commissioner for Insurance (Finance & Administration) Olufemi Oba, said this at Year 2024 Chartered Insurance […]
CPS gaining traction as 50% of new registration are below 30 years of age
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said analysis of the new registrations in Q3:2023 by age and gender showed that 50 per cent of new contributors are below 30 years of age and that out of a total of 94,633 registrations, about […]
