A lot of interesting and positive things have come out of the 43rd AIO Conference and General Assembly. Overall, it seems that things are still looking good for insurance business in Africa, with good growth forecast across the continent, despite terrorism and political turbulence rearing their heads in certain parts […]
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LASPEC moves to safeguard retirees’ documents
Mrs Onanuga Leave a comment and share Chuks Udo Okonta The Lagos State Pension Commission (LASPEC) has commenced the archiving of approval documents of retirees and bond certificates to forestall damages, its Director-General Mrs Folasade Onanuga, has said. Mrs Onanuga, who disclosed this yesterday in Lagos, said the initiative is […]
Equity Group Pauses Africa Expansion Plans as Economies Slow
Bank to focus on growing existing operations, adding branches Ambition to be in 15 countries in 10 years unchanged, CEO says Equity Group Holdings Ltd., Kenya’s biggest bank by market value, put plans to expand into five other African countries on hold after sliding prices for commodities from oil to […]
Africa accounts for 1.4% of global insurance premium
The President, African Insurance Organisation (AIO), Mrs. Lamia Ben Mahmoud has lamented that Africa’s share of global insurance premium remains low at 1.4 per cent. She added that penetration remained low with a premium/gross domestic product (GDP) ratio not exceeding one per cent in some countries. This is below the […]
Premium flight harms African growth prospects: AIO
Matthew Neill African insurance companies are struggling to stop premiums leaving the region as foreign competition and a dearth of local skills harms their growth potential. In its first African Insurance Barometer, the African Insurance Organisation (AIO) said that 90 percent of executives based in the region that it polled […]
Insurance giant Axa set to create 80 call centre jobs
The firm is adding new customer service jobs to its Springtown Business Park base. The roles will include a range of customer service, claims and sales operations. Axa has been based at its Springtown Business Park site since 2007 and the new roles will bring job numbers to more than […]
AIICO Insurance grosses N9.94bn premium income
AIICO Insurance Plc has recorded a profit before tax of N1.4 billion in the financial year 2015 as against the N3.1 billion it recorded in 2014. This was made known in the company’s 2015 full year audited financials posted on its website. The company held its 46th Annual General Meeting […]
Photos: Faces at the LASPEC 10th retirement benefit documentation seminar
Mrs Folasade Onanuga (4th left) with top officers of some agencies in Lagos State at the event. Excited would be retirees
Lagos spends over N112.08bn on employees’ pension rights
From left: Director-General, Lagos State Pension Commission, Mrs Folasade Onanuga and Director-General, Public Staff Development Centre, Mrs Olubunmi Fabanwo at the event. Leave a comment and share Chuks Udo Okonta Lagos State Government’s funding of employees’ pension rights under the Contributory Pension Scheme (CPS) is approximately N112, 080 billion, the […]
Photo: Risk Managers Society of Nigeria (RIMSON) invests Engr Jacob Adeosun as 5th President
Risk Managers Society of Nigeria (RIMSON) invests Engr Jacob Adeosun as 5th President.
