Toby Nwazor UK’s recent budget has seen an increase in insurance premium tax (IPT) by 0.5%, taking the current rate to 10% in order to raise over £700 million for much needed flood defence in the UK. The tax on sugary drinks is equally supposed to raise an additional £520. […]
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Dearth Of Manpower Bane Of Insurance Growth – CIIN
The Chartered Insurance Institute of Nigeria (CIIN) said it will partner with Ahmadu Bello University, Zaria to address the dearth of manpower in the insurance industry. The newly elected Chairman, Kaduna State Chapter of the institute, Mr Olugbenga Ogunsanya stated this shortly after being sworn in. According to him, the […]
Britons living in Nigeria, Ghana hope for fair pensions deal
Government ministers considering changes to system of payments that campaigners have long said is unfair By Vic Motune FAIR DEAL: Pensioners who retire to some countries in Africa and the Caribbean get smaller pension payments than they would if they were in the UK BRITONS LIVING in countries such as […]
Only 300 insurance broking firms have valid licences – NAICOM
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said only 300 insurance broking firms have valid licences to operate. The names of the firms qualified to broker insurance business are published on the website of the commission. The Commission in December 2015, published the […]
Widow of 9/11 firefighter wins $3M pension payout
By Philip Messing Jackie Kaht Fernandez spent nine years fighting the Fire Department’s pension board and its doctors to prove that the sudden death of her husband, Lt. Cruz Fernandez, in 2006 at age 52 was related to his time spent at Ground Zero. “The word ‘no’ is not in […]
Allianz to sell $5 billion life insurance portfolio in Italy – sources
By Pamela Barbaglia German insurer Allianz (ALVG.DE) is looking to sell a $5 billion portfolio of life insurance policies in Italy, sources familiar with the matter has said. Europe’s biggest insurer has picked Goldman Sachs (GS.N) to run the sale of the closed life policies, which no longer accept new […]
Micro insurance company launches education campaign
BIMA, a micro-insurance agent has launched a campaign aimed at educating Ghanaians on the benefits of insurance. This is part of the company’s vision to revolutionize the insurance industry by making life insurance affordable and accessible for the ordinary Ghanaian. The micro insurance campaign is funded by BIMA, Leadfrog Labs […]
Pension operators explore Singaporean infrastructural investment template
Akinsanya Leave a comment and share Chuks Udo Okonta Pension operators are studying how their colleagues in Singapore have made significant inroad in investing pension funds in infrastructure without burning their fingers, Inspen can report. The Head, Technical Committee, Pension Fund Operators Association of Nigeria (PenOp), Dapo Akinsanya, who disclosed […]
East Africa’s Largest Insurance Firm Eyes Congo, Ethiopia And West Africa
Jubilee Insurance Chairman Nizar Juma By Kevin Mwanza Kenyan-based Jubilee Insurance, the biggest insurance services provider in East Africa, plans to expand to the Democratic Republic of Congo, Ethiopia and undisclosed countries in West Africa, a top official said on Thursday. The insurance firm, which already operated in five African […]
PFAs invest N65.64bn in FG securities in a month
Mrs Chinelo Anohu-Amazu Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) invested N65.64 billion in Federal Government’s securities between October and November 2015, Inspen can report. The figure which was obtained from the National Pension Commission (PenCom) showed that N3.42 trillion was invested in October and […]
