Adesina Africa needs urgent global assistance to meet up with insurance premiums which will insure countries against climate change induced catastrophic events which is on the rise. The insurance which will reduce climate induced displacement across the African continent and help curb the diversion of public funds which could have […]
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THE CONSUMER – KING OR SERVANT IN INSURANCE BUSINESS
Soladoye Text of the paper presented by Chief Yemi Soladoye – The Technical Adviser to the INSURANCE CONSUMERS ASSOCIATION OF NIGERIA AT THE 2016. EDITION OF THE BUSINESS JOURNALS CONFERENCE THE CONSUMER – KING OR SERVANT IN INSURANCE BUSINESS. 1. SALUTATIONS. 2.INTRODUCTION The supremacy of the Consumer as the reason […]
Custody of Annuity Fund: PenCom, NAICOM fight over fees, commission
As the controversy over the custody of Retiree Life Annuity fund between the National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) rages on, stakeholders are of the opinion that both regulators are not having the interest of retirees or life insurers at heart. They are only fighting for […]
NIA takes annuity battle to National Assembly, Minister of Finance
From left: Chairman, Technical Committee, Insurance Consumers Association of Nigeria, Adewale Adetoro; Director-General, Nigerian Insurers Association, Sunday Thomas and Chief Executive Officer, JSP Communications, Dr. Phil Osagie at the event. Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) has taken its battle with the National […]
NCRIB mourns late Rasheed Gbadamosi
Gbadamosi Leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has joined numerous Nigerians in mourning the passage of Chief Rasheed Gbadamosi, a business icon and one time Federal Minister of Planning. In a statement, the President of the Council, Kayode Okunoren noted […]
Consolidated Hallmark Insurance Assets hit N7.79bn
Efekoha Leave a comment and share Chuks Udo okonta The Total Assets of Consolidated Hallmark Insurance Plc have grown from N 6,964,209,568 posted in September, 2015 to N7,794,981,035 as at 30th September, 2016 according to the recently approved financials of the company for the 3rd quarter ended. A statement by […]
Malawi to receive USD 8 Million Insurance Payout from African Risk Capacity
PRESS RELEASE The payout will be released to Malawi as soon as the Government’s plan on how the payout will be used to respond to those affected by drought – known as the Final Implementation Plan – is approved by ARC JOHANNESBURG, South Africa, November 16, 2016/ — The African […]
Local pension funds will be allowed to invest in stocks
Local pension funds will be allowed to invest in stocks Pensioners gather for a Peking Opera-based group activities at a pension center in Yanjiao, Hebei province. [Photo/China Daily] Low returns on bonds and deposits, plus aging population, raise questions whether they will be able to pay obligations China will likely […]
99% of motor claims succeed as insurers pay out millions of pounds a day
The average payout for a motor insurance claim is more than £2,000, new figures show About 99% of motor insurance claims are successful, according to industry figures. The Association of British Insurers (ABI), which analysed claims made in 2014 and 2015, said payouts were made in all but 1% of […]
Insurance Cash-and-Carry – so far, so good
MAWULI ZOGBENU In an earlier publication on this subject two years ago, I did make reference to the positive impact the No Premium No Cover Policy (NPNC) has had on especially the Nigerian insurance sector and how its implementation in Ghana was going to inure to the benefit of the […]
