Chairman Pension Fund Operators Association of Nigeria (PenOp) Eguarekhide Longe (4th right) and other executives and operators at the event. Leave a comment and share Chuks Udo Okonta Pension Fund Operators Association of Nigeria (PenOp) the umbrella body of Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) has said […]
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ILO impacts insurance in Nigeria, 15 other countries
By Favour Nnabugwu The International Labour Organisation (ILO) has helped Nigeria and 15 other countries in developing their markets through its Impact Insurance Facility to garner an all inclusive insurance and sharing of good practices among African countries. ILO has in tandem with this, substantially supported market development activities in […]
Prioritize reinforcing governance of public pension fund management
The Yomiuri Shimbun To manage a massive amount of funds safely and efficiently, it is vital to build an effective organization and system suited to carrying out the task. A council of the Health, Labor and Welfare Ministry has proposed that the current ban on direct stock investment by the […]
Cyber insurance offers companies a safety net from online hackers
By Paul Vachon Special to Crain’s Detroit Business Most businesses and people are inextricably connected to the digital world, from desktop PCs and the servers they link with to tablets, smartphones, smartwatches and a litany of other gadgets. And don’t forget today’s high-tech cars. One characteristic all these devices share […]
PenCom DG bags the Sun public service award
Leave a comment and share Chuks Udo Okonta The Director-General National Pension Commission (PenCom), Mrs. Chinelo Anohu-Amazu has bagged the 2015 the Sun award in the Public Service category. The award plaque was presented to her alongside other winners, including the Leader of the All Progressives Congress (APC), Asiwaju Bola […]
20% of Dubai cars reported under-insured
All UAE drivers know that car insurance is mandatory, but not all insurance is created equal. A recent investigation by QIC Insured and MoveSouq.com spanning over 45,000 cars has revealed that roughly 20 per cent of Dubai cars are under-insured. What makes an under-insured car? Under-insured cars are those covered […]
Insurers stop policy sales in over 60 localities to prevent fraudulent claims
MUMBAI: Recent frauds in small towns such as Ganjam in Odisha and Kubernagar in Gujarat have prompted insurers such as LIC, ICICI Prudential Life and HDFC Life to ban their agents from selling policies in over 60 localities to prevent fraudulent claims. Scores of agents and hospitals have also been […]
Allianz, AXA in final offers in CIMB insurance deal
CIMB could fetch about US$200 million (RM842 million) from the deal. The so-called bancassurance agreement will allow an insurer to distribute products through CIMB outlets for more than 10 years. – Reuters pic, February 20, 2016.CIMB could fetch about US$200 million (RM842 million) from the deal. The so-called bancassurance agreement […]
NAICOM Approves IGI’s 2014 Accounts
Chuks Udo okonta The National Insurance Commission (NAICOM) has approved the 2014 accounts of Industrial And General Insurance Plc (IGI). This was disclosed in a statement by the company’s management, which described NAICOM’s approval of the financial statements as a positive development and a huge boost to IGI’s restructuring effort. […]
Zurich Insurance says may sell South Africa business
(Reuters) — Zurich Insurance Group A.G. may sell its South African business as part of a strategic review, the Swiss group said on Friday. “In recent years, Zurich has successfully turned around our South African insurance business, which includes our operations in Botswana. The group is now evaluating whether it […]
