Leave a comment and share Chuks Udo Okonta Some insurance brokers secured operational licences just to execute one insurance business, Inpen has learnt. The Commissioner for Insurance Mohammed Kari, who disclosed this, said many broking licences are lying fallow as those who acquired them, only used them to secure one […]
Author: admin
NAICOM reviews outcome of order on IGI
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is presently reviewing the outcome of the regulatory order slammed on Industrial and General Insurance (IGI) Plc, the Commissioner for Insurance, Mohammed Kari, has said. He told Inspenonline in an interview that the commission’s intervention helped reduced […]
Why PFAs shun investments in foreign securities
Mrs Anohu-Amazu and other PenCom’s executives The Contributory Pension Scheme (CPS) has yielded N5.3trillion, but Pension Fund Administrators (PFAs) are shying away from investing contributors’ and retirees’ funds in foreign capital and money market instruments. Instead, pension funds in Retirement Saving Accounts (RSA) of active contributors and retirees are being […]
Recession biting hard on insurance business, says NCRIB
•Brokers urged to obey NAICOM rules The economic challenges facing the country are biting hard on insurance business, President, Nigerian Council of Registered Insurance Brokers (NCRIB), Kayode Okunoren, has said. Okunoren, who spoke at this month’s Members Evening in Lagos, called on the Federal Government to diversify the economy, and […]
Pension fund managers eye N20trillion pension assets
Longe By ZAKA KHALIQ (NEWSWATCH TIMES NEWSPAPER) Pension Fund Administrators(PFAs) across the country said they are expecting the pension assets to have risen to N20 trillion in the next eight years. Speaking on behalf of the pension fund managers at a media briefing in Lagos, the Chairman, Pension Funds Operators […]
LASACO gets NBCC’s support for insurance campaign
Nike Popoola LASACO Assurance Plc has received the backing of the Nigeria-British Chamber of Commerce in its approach to risk management aimed at winning investor confidence. A statement from the firm on Sunday said the firm’s marketing drive was specially applauded by a former President of the NBCC, Dr. Micheal […]
Liberty customers demand value for money, says CEO
JOHANNESBURG – Insurer Liberty’s primary customers are less concerned about price and more concerned about value for money, says CEO, Thabo Dloti of its predominantly retail affluent client base. Discussing Liberty’s decision to discontinue its Own Your Life (OYL) Rewards programme, Dloti emphasises that if members are paying a premium […]
Liberty seeks stakes to bolster Stanlib
OPPORTUNITIES: Liberty CEO Thabo Dloti says the group wants to expand in Africa through partnerships. Picture: MARTIN RHODES INSURER Liberty is looking to acquire stakes in private equity businesses as part of its strategy to bolster the capabilities of its asset manager, Stanlib. Liberty is also looking at opportunities to […]
Life Insurance including Reinsurance in South Africa 2015
/PRNewswire/ — Life Insurance Sector: This report focuses on the latest developments in South Africa’s life insurance sector, which is the largest life insurance market on the African continent and in US dollar terms is the 15th-largest life insurance market in the world. With benefit payments of R366.8bn and assets […]
Africa ‘must close insurance gap’ to sustain economic growth
Sub-Saharan Africa has opportunities for growth in the corporate and industrial insurance market but the region needs to increase its insurance penetration for future economic development, according to Allianz Global Corporate & Specialty (AGCS). BY CINTIA CHEONG The firm argued the industry was currently dominated by developed markets. Citing figures […]
