Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) has widened its net in search of an experienced director general to provide strategic leadership and direction for the umbrella body of underwriters. According to the association ideal candidates will be required to demonstrate highly advanced strategic […]
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PenCom, NAICOM meeting on annuity in process
Leave a comment and share Chuks Udo Okonta Top management of the National Pension Commission (PenCom) and National Insurance Commission (NAICOM) are presently in a meeting to resolved issues inhibiting the approval of annuity. Inspen gathered that the meeting which is purely administrative, would pave way for the regulators to […]
Nigeria emerges fifth largest insurance market in Africa
Soares NIGERIA has emerged one of the top five insurance markets in Africa, ranking fifth with overall market share of 85 percent of premiums in the continent. General-Secretary of the African Insurance Organization, AIO, Ms Prisca Soares at a press conference after the launching of the second Africa Insurance Barometer […]
Executive order: NAICOM to rejig capital verification, other initiatives
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) in a bid to align with the executive order on ease of doing business, recently signed by the Federal Government, is working out suitable deadlines for all its priority initiatives. Inspen gathered that top management of the […]
Law Union and Rock Insurance grosses N3.93bn in 2016
From left: Managing Director/CEO, Law Union & Rock Insurance, Jide Orimolade; Chairman, Remi Babalola and Company Secretary, Stanley Chikwendu at the event. Leave a comment and share Chuks Udo Okonta Law Union and Rock Insurance Plc, posted a Gross Premium Income of N3.93 billion, in 2016, its Chairman, Remi Babalola, […]
Actualising result oriented public service with efficient and effective pension administration
Dr. Oke To develop a virile workforce with satisfying post service life through the sustenance of ethical values and effective career and pensions management, the Ministry of Establishments, Training and Pensions’ (MET&P’s) has embraced the Service Charter Policy of the Lagos State Government by renewing and emphasising its commitments towards […]
AIO: Regulatory failings, skills shortage holding Africa back
Soares Africa’s insurance and reinsurance market shows signs of growth despite economic headwinds, according to the 2nd Africa Insurance Barometer report. Investment in infrastructure and a young population were touted by the study as strengths for the continent, with the $64bn insurance market outperforming the wider economy, which has been […]
AIICO Pensions holds over N78.1bn funds under management
Leave a comment and share Chuks Udo Okonta AIICO Pensions Limited total funds under management increased 21 per cent in 2016, moving from N64.2 billion to N78.1 billion, the Managing Director AIICO Insurance Plc, Edwin Igbiti, has said. He disclosed this at the underwriting firm’s 47th Annual General Meeting (AGM) […]
PenCom, NAICOM meet this week to resolve delay on annuity approval
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) and National Insurance Commission (NAICOM) would meet this week to resolve issues responsible for delay in approval of annuity, Inspen has learnt. It was gathered that the meeting would bring both regulators on the page and also […]
Insurers hawk third party policy for N1000
Leave a comment and share Chuks Udo Okonta The quest to remain afloat might have forced desperate insurers to hawk third party motor insurance policies for a paltry sum of N1000. Inspen gathered that the insurance price war has heighten in recent times, a situation which might have stemmed from […]
