Nothing so far exposes the greed, avarice and self-centredness of our ruling political class as the pension rights of States and Local Government employees. Some of the immediate past Governors who failed in eight years to enact laws to take care of pension of employees of States and Local Governments […]
Author: admin
Ethiopian parliament ratifies bill to join regional insurance agency
The Ethiopian national parliament on Wednesday ratified a draft bill allowing Ethiopia to join the African Trade Insurance Agency (ATIA). Chairperson of Parliament’s Budget and Finance Affairs Standing Committee, Genet Taddese, said joining the African Trade Insurance Agency enables the country to offer political and trade credit risk insurance services […]
‘Panama Papers’ leak details ties to insurance fraud in boat tragedy
By Mark A. Hofmann A case of insurance fraud involving a fatal boating accident in upstate New York is cited in the so-called “Panama Papers” that detail the use of offshore accounts and shell companies by politicians and others, some of whom are allegedly engaged in money laundering. The papers, […]
PenOP seeks ethical marketing in pension benefits business
Leave a comment and share Chuks Udo Okonta The President, Pension Fund Operators Association of Nigeria (PenOp), Eguarekhide Longe, has called on Insurance practitioners and Pension Fund Administrators (PFAs) to embrace ethical practice in the marketing of pension benefits products. He told Inspen that the wrangling between the operators is […]
Insurers Groan Under Harsh Business Climate
By Ebere Nwoji The first quarter of the year 2016, was a very bad period for the insurance industry given a number of negative factors that adversely affected operators. For the insurance sub sector of the economy, the first quarter of the year 2016, was a mixture of rough, tough […]
Lagos Retirees Get N912m Pension
By GEORGE OKOJIE The Lagos State Government said it had paid accrued pension rights of N912 million to 165 retirees mainly from Local Government and State Universal Basic Education Board for the month of March, 2016. Speaking at the 25th Retirement Benefit Bond Certificate presentation ceremony , the State Commissioner […]
Insurance companies more dangerous to the economy than ever – IMF
By Caitlin Bronson An international body is urging greater regulation on insurance companies, arguing that carriers pose a greater risk to the global financial system now than they did before the financial crisis. In a new report, the International Monetary Fund suggests that insurers – particularly life insurers – play […]
NCRIB mourns exit of Balogun
Leave a comment and share Chuks udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) the umbrella body of all registered insurance brokers in Nigeria, has bemoaned the demise of one of the pioneer members and founders of the Council, Late Chief Tunde Odutola Balogun who died recently at […]
Strengthened management of the Government Pension Fund
‘The Government Pension Fund is our national savings account, and an important part of fiscal policy. We practice great transparency about the Fund’s management. Norges Bank and Folketrygdfondet have successfully managed the Government Pension Fund Global (GPFG) and Government Pension Fund Norway (GPFN), respectively. The Government has now decided to […]
Regulation Is Transforming Africa’s Insurance Sector – KPMG
Chika Izuora There are serious indications to suggest that the insurance industry in Africa and in particular South Africa are being transformed, according to KPMG’s South African Insurance Survey 2015. The survey says, some of the changes in South Africa’s insurance sector have been as a result of regulatory and […]
