China is home to more than 220 million people over the age of 60 in China, or 16.1 percent of the population, and the numbers are growing. As the population ages, the country faces the challenge of building a more sustainable pension system. Since late 2016, China has invested an […]
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Old Mutual full year profits up 1%
By Frank Prenesti UK and South African insurance group Old Mutual said its pre-tax adjusted operating profits came in broadly flat at £1.6bn. Full year adjusted Net Asset Value (NAV) rose to 228.6p a share compared with 178.9p in 2015per share, due to favourable currency movements and an increase in […]
Witness: Fake insurance papers used to receive N1.3bn subsidy
Justice Akin Kuponiyi A Federal High Court sitting in Lagos has adjourned till May 15th and 17th the criminal trial of a petroleum marketer, Olaniran Ogundipe, and his company, Petroleum Broker Nigeria Limited. The oil marketer and his company are facing trial for allegedly defrauding the Nigerian government of N1.3 […]
Insurers embark on reconciliation of asset titles ahead of NAICOM verification
Ahead of planned verification of capital resources of insurance companies by the National Insurance Commission (NAICOM), operators have embarked on reconciliation of asset tittles to enable its inclusion into their books. The exercise is targeted at measuring the true worth of insurance companies in terms of value of assets and […]
Photos: Faces at NAICOM’s CEO Courtesy Visit to NCC
The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission, Mohammed Kari led some members of the Management of NAICOM on a courtesy visit to the Nigerian Communications Commission, NCC. He was received by the Executive Vice Chairman/CEO of NCC, Prof. Umar Garba Danbatta and some Management […]
NAICOM approves 2016 accounts of FBN General, Wapic Life
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) says it has approved the 2016 financial accounts of FBN General Insurance Limited and Wapic Life, out of the 12 insurance firms that had submitted their results. According to status of 2016 financial statements of insurance companies […]
Photos: Faces at AIICO’s international women’s day celebration
NAICOM, NCC agree to reinstate mobile insurance
.Telcos to be licenced as distribution channels Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) and the Nigerian Communications Commission (NCC) have agreed to reinstate the sales of insurance through platforms of telecommunications firms. The agreement, which has paved way for licensing of telcos as […]
Republicans Unveil Obamacare Replacement
The United States House republicans have unveiled a long-awaited plan to replace the signature health care law of former U.S President, Barack Obama, ‘Obamacare’. The proposed legislation replaces income-based subsidies and helps with the cost of premiums with age-based tax credits. The proposal also preserves some elements of the existing […]
CPS soars as 2016 pension contributions exceed 2015
Suleiman Leave a comment and share Chuks Udo Okonta With N763 billion contributed as pension fund in 11 months of year 2016, as against N670 billion achieved in the same period in 2015, the pension industry remained stable in spite the economy quagmire that impeded growth in many sectors of […]
