Health and Welfare Minister Chung Chin-youb speaks during a meeting of the NPS fund management committee at a hotel in Seoul, Wednesday. (Yonhap) South Korea’s pension behemoth is suffering an exodus of fund managers ahead of its planned relocation from Seoul to Jeonju, North Jeolla Province, in late February, according […]
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British insurers ‘will be more competitive after Brexit’
By Tim Wallace Britain’s powerful insurance industry has been hamstrung by EU regulations and will become stronger and more competitive once Brexit takes place, financial services bosses believe. Tough regulations called Solvency 2 have been implemented differently in each country around the EU, with the result that British firms have […]
Better insights critical for insurance industry
In a highly competitive market driven by challenging economic conditions, insurance companies must more effectively analyse data. This, says Kelly Preston, data analytics manager at SilverBridge, is critical if they are to improve the customer value proposition. “A consequence of this competitiveness is what is termed the underwriting cycle. When […]
New Head of Allianz’ PIMCO Takes on $2 Trillion Challenge with Gusto
Walk down a side alley in Munich, beneath apartments with net curtains in the windows, past figures of female superheroes on a cafe storefront, and you come to the unprepossessing headquarters of a $2 trillion asset manager. On the fifth floor, an elegantly dressed woman leans forward to field questions. […]
Bill: Senator proposes N20,000 as premium for third party insurance
CFI, Mohammed Kari Leave a comment and share Chuks Udo Okonta A bill to increase motor vehicle third party insurance premium from N5,000 to N20,000 has been read the second time and referred to Senate Committee on Banking, Insurance and Other Financial Institutions, Inspen can report. The bill which was […]
Assemblies of God Denies Knowledge of Missing N2.7bn Ministers’ Pension Funds
Christopher Isiguzo in Enugu The Assemblies of God Church, Nigeria in Enugu has dismissed as false and mischievous media reports linking its leaders to the alleged disappearance of N2.7 billion pension funds belonging to retired pastors of the church. The Church, which is presently struggling with leadership crisis, also denied […]
Foreign firms throng Nigerian insurance sector for green market – NIA
By Favour Nnabugwu WITH matured markets and intense competition in the developed economy, foreign companies have began to throng the country’s insurance sector for virgin market. The nation’s insurance industry in the last few years has been largely shaped by the influx of foreign investors, and growing enquiries by many […]
PRA: Senator proposes bill to provide 75% lump sum for retirees
Leave a comment and share Chuks Udo Okonta A bill seeking the provision of 75 per cent as pension lump sum for retirees has been proposed before the Senate, Inspen can report. The bill which was sponsored by Senator Aliyu Magatakada Wamako, seeks amendment of some sections of the Pension […]
Insurance software tailor-made for the Nigerian market
ATB TechSoft Solutions, a Nigerian software company has reinforced their belief in Nigerian software and their engineers with the announcement of their locally made product, Ultisure. Mr. Abiodun Atobatele, the Chief Executive Officer of the company announced the release of Ultisure during an interview with Vanguard. Atobatele spoke of how […]
Why FG is yet to pay accrued pension
By Racheal Ishaya The Federal Government is crrently unable to meet its obligation to its retirees because it cannot cash back the Federal Government Retirement Benefits Bonds currently sitting at the Central Bank of Nigeria. Findings by our correspondent show that the Federal Government is currently owing its former workers […]
