* Now publisher/Editor of Daily Economy Kindly leave a comment and share Chuks Udo Okonta Pan African reinsurer, Continental Reinsurance has announced winners of the 9th Pan African Re/Insurance Journalism Awards at the organisation’s annual CEO Summit held in Victoria Falls, Zimbabwe. Nike Popoola, a former Assistant Editor with Nigeria’s […]
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ARIAN mourns late Mrs. Oyinade Folashade Thomas
* Congratulates Mrs. Bola Odukale over appointment as NIA DG Kindly leave a comment and share Chuks Udo Okonta The Association of Registered Insurance Agents (ARIAN) and the Board of Executives have sent a letter of condolence to the Commissioner for Insurance Sunday Thomas, over the death of his wife, […]
Death of Junior Pope, others what insurance could have done
Temitayo Akpan The entire entertainment space, and by extension the larger society were roused by the tragic and devastating news of the boat mishap of the 10th April, 2024 on the Waterside of River Niger Cable Point Asaba which claimed the life of the upwardly mobile Nollywood actor, Junior Pope […]
Why you can’t buy insurance when you need it
Kindly leave a comment and share Chuks Udo Okonta Unlike many products that you can buy when you need them, insurance products can’t be bought when you need them, for they are meant to be purchased before what they are required for happens. To drive this home, the National Insurance […]
PenCom rattles erring employers, recovers N25.45bn, saves retirees from old age poverty
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said it has recovered N12.45 billion from employers that failed to contribute towards their employees retirement. The recovery would indeed help in wealth creation for the workers, thereby securing them against old age poverty in retirement. […]
Poor remuneration debars 159,994 workers from earning pension benefits
Kindly leave a comment and share Chuks Udo Okonta Poor remuneration has debarred 159,994 Nigerian workers, whose Retirement Savings Account (RSA) balances as the time of retirement could not provide a monthly pension of at least one-third of the prevailing minimum wage of N30,000 from earning retirement benefits. The National […]
NIA appoints Mrs. Adebola Odukale as Director General
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) has appointed Mrs. Adebola Odukale as its Director General, Inspenonline can report. It was gathered that Mrs. Adebola Odukale, who is taking over from Mrs. Yetunde Ilori, will resume in the month of May 2024. Mrs. […]
Inadequate actuaries, high cost of softwares rattle insurers over IFRS 17 migration
Kindly leave a comment and share Chuks Udo Okonta Insurers aligning their 2023 financial accounts with International Financial Reporting Standard (IFRS) 17, is being clogged by inadequate actuaries and high cost of softwares. Inspenonline gathered that the operators are being rattled by the challenges whilst they work to meet the […]
Wife of Commissioner for Insurance Sunday Thomas passes on
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) said it is deeply saddened to announce the passing of Mrs. Oyinade Folashade Thomas, beloved wife of the Commissioner for Insurance/Chief Executive, Sunday Thomas. A statement by NAICOM said Mrs. Thomas passed away today, April 12, […]