Reuters Britain announced plans Wednesday for new motor insurance laws designed to encourage investment in driverless cars, as the government looks to capture a leading role in the nascent industry. The market for autonomous driving is worth 900 billion pounds ($1.29 trillion) worldwide, according to the government, but needs to […]
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ILAN boss to pursue four key goals
Opara been decorated with the chain of office Leave a comment and share Chuks Udo Okonta The President Institute of Loss Adjusters of Nigeria (ILAN) Ralph Opara, has identified training of loss adjusters; establishment of the institute by an Act of the National Assembly; improving on the relationship with other […]
Whistle blowing: PenCom chases errant employers with EFCC
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has approached the Economic and Financial Crimes Commission (EFCC) to prosecute employers that victimised employees for blowing whistle on non-remittances of their pension contributions. PenCom in a submission made to the National Assembly, said it has been […]
China’s first hospital founded by insurance company opens
China’s first hospital founded by an insurance firm, in cooperation with local government, opened on Sunday, creating a new model for health care. Approved by the China Insurance Regulatory Commission, the Sunshine Union Hospital opened in Weifang City in east China’s Shandong Province. The Sunshine Insurance Group invested 3 billion […]
Govt mulls pilot insurance policies to cover natural disasters
China plans to launch pilot insurance policies that will cover natural disasters and establish an insurance system for catastrophes, according to a work plan jointly released by China Insurance Regulation Commission and Ministry of Finance on Tuesday. By the end of 2017, rules on earthquake insurance and an insurance fund […]
FG, states yet to access N1.06trn pension fund to fix infrastructure
By ZAKA KHALIQ(National Mirror Newspaper) Despite the clamour for fund by the Federal and some state governments to fix infrastructure deficits in the country, the Federal Government and states are yet to commence means of utilising N1.06 trillion set aside for infrastructure finance in the N5.3 trillion pension funds to […]
ILAN holds investiture for 10th president
Leave a comment and share Chuks Udo okonta The Governing Council of the Institute of Loss Adjusters of Nigeria (ILAN) said it has concluded plans for the formal investiture of its 10th President Ralph N. Opara. According to the Chairman, Organising Committee and Vice President of the Institute, Femi Hassan, […]
Smart cars: how technology is putting the brakes on insurance premiums
Fully automated vehicles are only five to 15 years from being introduced, but the public and regulators are nervous. Photograph: Eric Risberg/Associated Press Many drivers looked at their car insurance with an air of resignation last year. After years of declines, the average premium was on the way back up, […]
SIC Insurance repositions for improved service
SIC Insurance Company Limited has set in motion its Enterprise Risk Management (ERM) programme to meet regulatory requirements from the National Insurance Commission (NIC). Ghana’s insurance regulator, the NIC has been immersed in an ongoing updating of polices, processes and directives aimed at fostering the changes needed to adapt both […]
PenCom unveils challenges clogging implementation of PRA 2014
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has identified poor wages to accommodate reasonable pension deductions; general poor compliance culture; weak economy which saw the pension contributions as a huge additional cost of doing business in Nigeria; and more as challenges clogging the implementation […]
