From: Victor Dike, Managing Director, Quick Projects , Olaotan Soyinka, Managing Director/CEO, Sovereign Trust Insurance Plc, Sanni Oladimeji, DGM/Head, Risk Management and Compliance, Sovereign Trust Insurance Plc and Ugochi Odemelam, ED, Marketing and Business Development, Sovereign Trust Insurance Plc at the Budget Setting and Strategy Session for Sovereign Trust Insurance […]
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Nigerian insurance industry capital is highest in Africa
Efekoha The Chairman of the Nigerian Insurers Association (NIA), Mr. Eddie Efekoha in this Interview with Favour Nnabugwu in Abuja, talks about the problem of one price fits it all, the position of NIA on risk based capital and the plan to move the industry forward. Excerpts What do you […]
NAICOM underscores benefits of relocating Inspectorate Department to Lagos
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) said it relocated Inspectorate Department from Abuja Head Office to Lagos Control Centre to effectively monitor Insurance firms clustered in the area and to save cost. It was also gathered that the decision to relocated the department […]
World’s Biggest Pension Fund Finds New Best Friend in Trump
By Anna Kitanaka President-elect’s shock victory provides tailwind for GPIF Stocks surge and the yen tumbles, benefiting giant investor One of the world’s most conservative investors has found an unlikely new ally in one of its most flamboyant politicians: Donald Trump. The unconventional president-elect’s victory is helping Japan’s giant pension […]
Insecurity: Insurance Firms Impose N2.3trn Premium On Nigeria-bound Ships
BABALOLA YUSUF, ZAKA KHALIQ Foreign and local ship owners as well as charterers entering Nigeria’s territorial and coastal waters are paying a whopping N2.3 trillion every year to foreign insurance companies to insure their ships against any attacks, LEADERSHIP has exclusively gathered. Findings revealed that each of the 5,000 vessels […]
World’s biggest pension fund gains $21b as stocks rally
Japan’s Government Pension Investment Fund returned 1.8% in the three months ended September 30 A coffee shop run by an elderly woman in Tokyo. The Government Pension Investment Fund(GPIF) returned 2.4 trillion yen in the three months ended September 30 as stocks rebounded. TOKYO: The world’s biggest pension fund posted […]
Trov, the world’s first on-demand insurance for single items, launches in the UK
/PRNewswire/ — Trov (www.trov.com), the company reinventing insurance for the mobile generation, today launches its world leading on-demand insurance platform in the UK, in partnership with AXA Insurance (www.axa.co.uk). For the first time, people in the UK can easily insure just the things they care about, entirely from the convenience […]
UK raises insurance premium tax to 12 pct
Britain will raise insurance premium tax by two percentage points to 12 percent from June 2017, finance minister Philip Hammond said on Wednesday in his first Autumn Statement address to Parliament. The move represents a doubling in the tax rate on home and motor insurance premiums within the past two […]
Kanye West Allegedly Getting $30 Million Insurance Payout For Being In Hospital
Kanye West might be getting a $30 million payout from an insurance policy which covers him, the Daily Mail is reporting. The rapper allegedly took out a big money insurance policy in case an illness or an accident forced him to cancel an event or performance. The insurance policy is […]
World’s largest insurer Allianz opens Kenya office
Cabinet Secretary, The National Treasury Hon. Henry Rotich with Allianz Kenya CEO, DembaSy officially open the Allianz new premises, Allianz Plaza, where the company will be conducting its business operations. Global insurance leader Allianz has opened its fifteenth Africa office in Kenya. The insurer, which has been setting up operations […]