Buhari Leave a comment and share Chuks Udo Okonta The Federal Government has budgeted N103,065,827 million as 2017 pension contributions for staff of State House Headquarters, Inspen can report. The amount is contained in the 2017 proposed budget presented by President Muhamadu Buhari to the National Assembly. Recall the Federal […]
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Businesses must find £10bn a year to cover Brexit pension shortfall, report says
The shortfall for defined benefit pensions schemes jumped by 90 billion pounds last year British businesses need to stump up an extra £10 billion per year over the next decade to cover the pension deficits built up in the aftermath of the Brexit vote. The shortfall for defined benefit pensions […]
Insurance industry experienced higher claims payment in 2016 – Efekoha
Chairman of the Nigerian Insurers Association, NIA, who is also the Managing Director of Consolidated Hallmark Insurance Plc, Mr. Eddie Efekoha in this interview said that the economic recession compelled the insurance sector to part with more claims in 2016 than the prior year. Excerpts: Efekoha By Rosemary Onuoha WHAT […]
NAICOM restores Glanvill Enthoven Licences
By Clement Nwoji The National Insurance Commission (NAICOM) has made a u-turn by reinstating the operating licences of Glanvill Enthoven Nigeria (GEN), a firm of incorporated insurance brokers. With this turnaround, the company is again authorised to operate general insurance, life & pensions business as well as reinsurance brokerage services […]
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Insurance, pension record 5,000 complaints at CPC
By Favour Nnabugwu INSURANCE industry is continuing to struggle with adverse image as it recorded lowest customer complaints redress amongst other sectors in 2016 at the Consumer Protection Council, CPC. Insurance Consumers’ Association of Nigeria (INSCAN), a body established with the objective to protect the general interest of the insurance […]
NDC to Secure Sh1.6 Billion From Pension Fund
By Rosemary Mirondo The National Development Corporation (NDC) is in a process of securing a Sh1.6 billion loan from a pension fund to capitalise its machines factory. The Kilimanjaro Machine Tools Ltd (KMT) resumed operations last year but with limited production, especially the carpentry and milling machines. The factory, which […]
Japanese insurance firm replaced 30 workers with IBM’s artificial intelligence technology
ibm watson Ben Hlder / Getty Images A future in which human workers are replaced by machines is about to become a reality at an insurance firm in Japan, where more than 30 employees are being laid off and replaced with an artificial intelligence system that can calculate payouts to […]
‘Trumpcare’ a mystery as insurance battle looms
By Kimberly Atkins REPEAL AND REPLACE? Vice President-elect Mike Pence, right, speaks to the media yesterday with Paul Ryan. WASHINGTON — Republicans and Democrats have honed their warring Obamacare messages, but there are few clues about what happens after the GOP-controlled Congress and President-elect Donald Trump follow through with their […]
Insurance companies urged to increase subscriber base
Aaron Anafure (2nd left) with Ms Lydia Bawa (middle) at the get-together CHARLES ANDOH The Commissioner of Insurance has urged insurance companies to put pragmatic measures in place to increase their subscriber base. Ms Lydia Lariba Bawa also urged them to do more to be able to reach out to […]
