By Damilola Oyedele Abuja — Following a petition to the House of Representatives, by one Hon. George Ozodinobi who claims to be Chairman of the First Guarantee Pensions Limited (FGPL), Lagos, the National Pension Commission (PenCom) has accused the petitioner of engaging in fraudulent activities, which have led to civil […]
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A.M. Best Upgrades Ratings of African Reinsurance Corporation
A.M. Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to “a” from “a-” of African Reinsurance Corporation (Africa Re) (Nigeria). The outlook for each rating has been revised to stable from positive. The upgrade reflects Africa Re’s excellent risk-adjusted capitalisation, […]
IGI relocates head office
Leave a comment and share Chuks Udo Okonta Industrial And General Insurance Plc (IGI) has moved its corporate head office on Victoria Island, Lagos to a new location also on the highbrow island, in continuation of the restructuring process launched by the management to reposition the company for greater efficiency. […]
Saham moves to consolidate investment in Nigerian insurance business
Ezekiel Enejeta Moroccan insurance Company, Saham Finances, one of the biggest Pan African insurance Groups is considering another major investment in Nigeria, after two initial investments that enhanced the take up of bigger ticket risks by local players, sources familiar with this development tell BusinessDay. The Company which bought a […]
Uganda to host 2017 African Insurance Conference
Total African premiums totalled $69b in 2014 down from $72b in 2013 By Samuel Sanya Uganda will host the 44th annual African Insurance Organization (AIO) and General Assembly in May 2017, Kaddunabi Lubega the Insurance Regulatory Authority (IRA) has revealed. AIO has 326 members: 315 of them from 45 countries […]
Group seeks bailout for pensioners
Leave a comment and share Chuks Udo Okonta The Nigerian Union of Pensioners (NUP) has called on the Federal Government to issue bailout for the settlement of pensioners, as done to workers whose states could not pay salaries. The Lagos State Chairman of NUP, Joseph Dele, who said this in […]
NAICOM moves to expand insurance distribution space
Leave a comment and share Chuks Udo Okonta Worried by effects of the limited channels of insurance distribution in the country, the National Insurance Commission (NAICOM), has initiated moves to create additional vehicles to convey insurance products to the public. The Commissioner for Insurance Mohammed Kari, who disclosed this at […]
Insurer launches UK’s ‘first driverless car policy’
The company Adrian Flux has launched what it claims to be the UK’s first personal driverless car insurance policy. The policy is designed for consumers who already have driverless features in their cars, such as self-parking, or are thinking of buying a car with autopilot features. Fully self-driving cars are […]
Photo: Director-General of National Pension Commission,Mrs. Chinelo Anohu-Amazu after she received the “Excellence ,Visionary and Emphatic Leaders Award” confered on her by TUC
The National President of Trade Union Congress (TUC) Comrade Bobboi Bala Kaigama(Left) congratulates the Director-General of National Pension Commission,Mrs. Chinelo Anohu-Amazu after she received the “Excellence ,Visionary and Emphatic Leaders Award” confered on her by TUC at the weekend in Abuja.
Benefits of digitising insurance
All service requests with regards to the e-insurance account or any of the electronic policies can be submitted online or at any of insurance repository’s service points. People use their mobile phones for just about everything now. Though Internet banking has been available for many years, the advent of mobile […]
