An Insurance analyst, Mr Muftau Oyegunle, on Sunday advised the National Insurance Commission (NAICOM) to reduce licence renewal requirements for insurance brokers. Oyegunle, who made this call in an interview with the News Agency of Nigeria (NAN) in Lagos, urged the commission to consider two to three years documentation requirements […]
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FBNInsurance fetes her stakeholders at 5
When FBNInsurance rolled out the drums on Friday, 4th December 2015, in celebration of her 5 years of operations, it was clear from all indications that the foremost insurance company had many reasons to celebrate. The company currently ranked 5th in the Life Insurance business had a healthy premium income […]
Insurers move to implement resolutions from mega confab
Ahmed Leave a comment Chuks Udo Okonta The Director Generals and Executive Secretaries of the various arms of the insurance industry have been mandated to ensure full implementation of resolutions reached at the Insurance Mega Conference, Inspen can report. It was gathered that the directors and secretaries were constituted into […]
Pensioners Ask Government To Pay Arrears
Pensioners The Nigerian Union of Pensioners have asked the federal and state governments to pay all pension arrears they are owing retirees to ease their sufferings. The union made the appeal at a news conference to mark the 2015 Pensioners’ Day at the Nigeria Labour Congress headquarters in Abuja. December […]
CPS good tool of managing finances – PenCom
Mrs. Chinelo Anohu-Amazu Leave a comment Chuks Udo Okonta The adoption of Contributory Pension Scheme (CPS) by States is one effective tool of managing finances, especially at a time of lean available public resources, the National Pension Commission (PenCom), has canvassed. Its Director-General Mrs. Chinelo Anohu-Amazu, said this at the […]
A.M. Best Withdraws Ratings of Sterling Life Insurance Company
A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Sterling Life Insurance Company (Sterling) (Chicago, IL), a subsidiary of Cigna Corporation (Cigna) [NYSE: CI]. The ratings of all Cigna’s subsidiaries remain under review with developing implications following the announcement of […]
Businessman gets 37 years for $100M insurance premium fraud
BALTIMORE (AP) — A businessman who prosecutors say stole more than $100 million in insurance premiums to live a life of luxury has been sentenced to 37 years in prison. Forty-year-old Jeffrey Brian Cohen of Reisterstown, about 25 miles northwest of Baltimore, was also ordered to pay restitution at sentencing […]
WELCOME REMARKS BY CHINELO ANOHU-AMAZU, DIRECTOR GENERAL, NATIONAL PENSION COMMISSION AT THE STAKEHOLDERS’ SENSITIZATION CONFERENCE ON PENSION REFORM ACT 2014 IN KADUNA
WELCOME REMARKS BY CHINELO ANOHU-AMAZU, DIRECTOR GENERAL, NATIONAL PENSION COMMISSION AT THE STAKEHOLDERS’ SENSITIZATION CONFERENCE ON PENSION REFORM ACT 2014 ORGANISED BY THE NATIONAL PENSION COMMISSION AT HOTEL 17TEEN, KADUNA ON WEDNESDAY 9 DECEMBER, 2015 PROTOCOL Distinguished ladies and gentlemen, I am pleased to welcome all of you to the […]
South Africa’s Cabinet Approves White Paper on Health Insurance
Healthcare accounts more for than 11% of government spending Zuma announced NHI in first state of the nation speech in 2009 South Africa’s cabinet has approved a policy white paper on a compulsory health-insurance plan. “It will be funded through a central fund that will also be made available to […]
THE IMPLICATIONS OF PRA 2014 ON MANAGEMENT OF PRIVATE SECTOR GRATUITY AND PENSION SCHEMES
Presented By Dr. Pius Apere (PhD / FCII) (Actuarial Scientist / Chartered Insurer) Deputy Managing Director Linkage Assurance Company PLC Email: p_apere@hotmail.com Tel: +234(0)7086438525 December 2015 Introduction The Nigerian pension industry currently consists of three pillars, namely the public sector Pay-As-You-Go (PAYG) defined benefit (DB) schemes, private sector defined benefit […]
