Governor Ambode The implementation of Pension Reform Act (PRA) 2004 as repealed by PRA 2014 has been beneficial to government, in that it imposes fiscal discipline in budgetary processes and encourages labour market flexibility while pensioners are no longer at the mercy of employers. These were the remarks of the […]
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Theresa May to spend aid money on insurance against disasters in Africa
PM tells G20 that plan is to spend £30m over four years on private insurance policies to reduce need for humanitarian aid People fetch water at a refugee camp in Somalia at Doolow, a border town with Ethiopia. Humanitarian agencies estimate that 6.2 million drought-affected Somalis are in need of […]
PenCom clears another insurer to sell annuity
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has cleared another life insurer to sell retirement benefits annuity, bringing the number of operators that have met the new annuity rules to five. The certified firms now are: Custodian Life Limited; FBNInsurance Limited; Leadway Assurance Limited; […]
Photo: Group Managing Director Sanlam, South Africa visit to leadership of FBNInsurance, FBNInsurance Brokers, FBN General Insurance
From left: Festus Izevbizua, Chief Financial Officer, FBNInsurance; Tunde Mimiko, Executive Director (Operations), Bode Opadokun, MD/CEO, both of FBN General Insurance; Ian Kirk, Group MD/CEO, Sanlam SA; Olumide Ibidapo,MD/CEO, FBNInsurance Brokers; Johan Schalkwyk, Chief Operating Officer and Val Ojumah, MD/CEO, both of FBNInsurance during the visit of Ian Kirk to […]
IGI names new management as Bayo Folayan emerges acting Managing Director
Leave a comment and share Chuks Udo Okonta Industrial And General Insurance Plc (IGI) has announced the appointment of a new management, to be led by Bayo Folayan, who was named the acting Managing Director. A statement by the Head, Corporate Communications, of the firm, Steve Ilo, said the appointments […]
NIA intensifies moves to launch portal for sales of third party motor policies
NIA Chairman, Eddie Efekoha Leave a comment and share Chuks Udo Okonta Insurance industry’s unified platform for the sales of third party motor insurance code- named: Nigerian Insurance Industry Portal (NIIP), which ought to be launched by July 1, 2017 has been moved to an unspecified date, Inspen can report. […]
Sovereign Trust Insurance grosses N4.1bn in Q1 2017
Olaotan Soyinka, Managing Director/Chief Executive Officer, STI Plc Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc said its total gross premium written grew from N2.3 billion in the first quarter of 2016 to N4.1 billion in 2017 representing a 78 per cent growth rate and the […]
Reps seek 50% pension benefits for disengaged workers
Dogara House of Representatives has set in motion machinery to ensure that workers on contributory pension scheme can access a minimum of 50 percent of the credit balance on their Retirement Savings Accounts (RSA), irrespective of the age at which they retire, or are disengaged. A bill seeking amendment to […]
Inspenonline unveils nominees for 2016 Insurance, Pension awards
Chuks Inspenonline, Nigeria’s premier Insurance and Pension online news channel, has unveiled the nominees for 2016 Nigerian Insurance and pension awards. A statement by the Publisher/Editor-in-Chief, Chuks Udo Okonta, said 21 firms drawn from the insurance and pension sectors have been selected for various categories and will be voted for […]
NAICOM approves 39 insurance firms’ 2016 accounts
Leave a comment and share Chuks Udo Okonta National Insurance Commission (NAICOM) has approved 39 insurance companies 2016 accounts out of 48 that have so far submitted their results. According to NAICOM, as at July 3, 2017, the accounts of 39 firms have been approved, those of two firms were […]
