Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) says N10.04 billion is required to fund Minimum Pension Guarantee (MPG) which should carter for shortfall or financial losses arising from investment activities. PenCom in a presentation to the National Assembly, noted that Section 82(1) of the […]
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Bid to pool councils’ £15bn pension pots in Wales
The £15bn pension pot of Wales’ council workers past and present and their dependants could be pooled to cut management costs, a report has said. There are eight groups managing the pension funds of Wales’ 22 councils. Pooling money could cut overheads and “significantly reduce costs”, the report to Flintshire […]
China to relax rules to boost big insurers’ expansion – sources
By Sumeet Chatterjee and Julie Zhu Reuter – China’s insurance regulator is considering an industry shake-up that could see the biggest and most solvent firms resuming an overseas expansion, while smaller, riskier insurers would come under tighter scrutiny. The plan being discussed would see the China Insurance Regulatory Commission (CIRC) […]
Third party car insurance to cost more
The premium for third party motor vehicle insurance is set to go up significantly as the government has agreed to do away with the cap on third party liability of insurance companies in case of grievous injuries or deaths in road crashes. The Insurance Regulatory and Development Authority has proposed […]
‘Contributory pension scheme not under threat’
Suleiman ‘Contributory pension scheme not under threat’ In spite the recession and other economic maladies, the Managing Director, FUG Pensions Limited, Usman Suleiman, says the Contributory Pension Scheme (CPS) remains strong and will continue to give succour to retirees. Chuks Udo Okonta met him. 10 years of uninterrupted operations, how […]
Four ways big data will reshape insurance in South Africa
For insurance players, big data isn’t merely about having a more detailed profile of the customer and sharpening their management models. It gives insurers the opportunity to re-imagine the very nature of insurance, add greater value to customers, and become ‘trusted partners’ (i.e. offering guidance on minimising risks, saving costs […]
Goggle, other telecoms giants to deepen insurance penetration
Leave a comment and share Chuks Udo Okonta Google, MTN, Airtel and MainOne have joined the league to deepen insurance penetration in Nigeria, leveraging Information and Communications Technology (ICT) tools. To achieve the laudable goal, the telecoms gurus plan to have an E-Insurance Conference with the theme: “Driving Insurance Penetration […]
NAICOM met with CBN to reinstate bancassurance
The National Insurance Commission (NAICOM) on Friday said it had held a meeting with the Central Bank of Nigeria (CBN) to reinstate the sale of insurance products in banks (bancassurance). A statement by NAICON Spokesman, Mr Rasaaq Salami, said the management of NAICOM led by the its Chief Executive, Alhaji […]
PenCom issues 2467 compliance certificates to firm’s eyeing govt’s contracts
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) as at March 1, 2017, has issued 2467 compliance certificates to firm’s that had embraced the Contributory Pension Scheme (CPS) to enable them bid for government’s contracts. Findings by Inspenonline, revealed that some applications were rejected because […]
How FBNInsurance helps you get the best out of life
Managing Director FBNInsurance Limited, Val Ojumah Getting the best out of life does not just happen; you plan it. The choices you make today will aid your realities tomorrow. The question is: What kind of tomorrow do you want for yourself and your loved ones? One predicated on chance or […]
