From left: Head Corporate Affairs, National Insurance Commission (NAICOM) ‘Rasaaq ‘Salami; Vice Chairman Sub Committee Publicity of the Insurers Committee, Ebelechukwu Nwanchuku and Chairman Sub Committee on Publicity and Communication of the Insurers Committee Hassan Oye-Odukan at an event. Leave a comment and share Chuks Udo Okonta All seemed not […]
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Knocks for PTAD over verification
Condemnation have trailed the Pension Transitional Arrangement Directorate’s (PTAD) mode of verifying sick and bedridden Federal Government pensioners under the Defined Benefit Scheme. Experts and pensioners accused the Directorate led by its Executive Secretary, Sharon Ikeazor, of being backward in its verification method, saying the body ought to have moved […]
PenCom plans construction of six offices in expansion program
Mrs Anohu-Amazu Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) says as parts of expansion program for this year, which is geared towards bringing its activities to the populists, some landed properties will be acquired together with construction of six office buildings. The Director-General, Mrs […]
CBO: 24 million would lose health insurance under GOP plan
But Republicans point to savings of $337 billion through 2026 By Dan Freedman Photo: Michael P. Farrell The long-awaited Congressional Budget Office analysis of the GOP’s Obamacare replacement painted a grim picture of America’s health care system if the measure becomes law, projecting 24 million would lose insurance by 2026. […]
Insurer advocates N100bn capital base for industry
Aig-Imoukhuede, By Ediri Ejoh THE Chairman of Wapic Insurance Plc, Mr. AigbojeAig-Imoukhuede, has called for increase in the capital base of insurance companies in the country to N100 billion. Aig-Imoukhuede, who called for the increment at the KPMG Insurance Conference 2017 held in Lagos, said the current capital base does […]
Nigerian Re, Continental Re scramble for 30% reinsurance business
Leave a comment and share Chuks Udo Okonta Nigerian Reinsurance Plc, WAICA Reinsurance and Continental Reinsurance Plc, are presently scrambling for 30 per cent of Nigerian reinsurance business, Inspen has learnt. According to an expert who does not want to be named, Africa Re is dominating the market with controlling […]
Babington-Ashaye launches book on insurance
Mrs Babington-Ashaye Leave a comment and share Chuks Udo okonta The Insurance industry is set to witness a historic event on March 22, 2017. On that day, at the auditorium of NIIA, Victoria Island, an insurance book titled, “Insurance in Practice – What you need to know about Insurance in […]
Canada Pension Funds to Invest in Singapore, Indonesia Warehouses
Canada’s two biggest pension funds have agreed to partner with LOGOS, a real estate logistics operator, to invest in warehouses in Singapore and Indonesia, betting on demand from the rise of e-commerce and a burgeoning middle class in southeast Asia. Canada Pension Plan Investment Board (CPPIB), the top pension fund […]
Thousands of Londoners hit by increase in National Insurance rates for self-employed
Tax hike: Chancellor Philip Hammond Getty Images By KATE PROCTOR London and the South-East will be hit hardest by Chancellor Philip Hammond’s tax rises. His reforms to National Insurance contributions for the self-employed could affect 1.5 million people across the region. In London, 850,000 people are registered as self-employed — […]
Insurance Sector Loses N106bn Annually
By ZAKA KHALIQ, Lagos A data sourced from the Nigerian Insurers Association (NIA) shows that there are about 16 million vehicles on roads across the country, with only four million of them having genuine Third Party cover. This, leaves 12 million vehicles uninsured or parading fake insurance papers. Third Party […]
