99 per cent of the Ombudsmen awards were honoured while only some of them were challenged in consumer courts Insurance Ombudsmen have sought more powers to settle higher claim cases as the number of complaints continue to increase. “Ombudsmen should be conferred with more powers and the Government was […]
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Buhari meets Saraki, Dogara, others
President Muhammadu Buhari will this evening meet with the leadership of both the Senate and the House of Representatives. President of the Senate, Bukola Saraki, and Speaker of the House of Representatives, Yakubu Dogara, are expected to lead the lawmakers to the meeting scheduled to start at 9pm. The agenda […]
Faces at the Project Gray 2.0 organised by PenOp and some NGOs
PenOp partners NGOs on free healthcare for elderly
Leave a Comment Chuks Udo Okonta The Pension Fund Operators Association of Nigeria (PenOp) in partnership with selected Non- Government Organisations (NGOs) have given Corporate Social Responsibility (CSR) in Nigeria a boost as about 1000 elderly people have been targeted to receive free treatment for various levels of ailments in […]
Women’s insurance market to touch $35 billion by 2030
Mumbai: Growing awareness of insurance products and increasing number of women in workforce is expected to result in two to four times growth in annual women’s insurance market in India by 2030. According to a study done by AXA in association with International Finance Corporation (IFC), the Indian women’s insurance […]
Micro insurance capacity building for the Nigerian insurance market
The ILO’s Impact Insurance Facility is holding a training titled Unlocking the demand for Micro insurance products: How to deliver what your clients see as value organised by the Facility together with the Centre for Insurance and Financial Management Studies with the support of the Global Index Insurance Facility and […]
NICON Insurance Pays Outstanding N400 Million Debts
In compliance with the National Insurance Commission’s (NAICOM) September 30 deadline for payment of all outstanding claims by insurance firms, the new Management of NICON Insurance Ltd, said it has settled all outstanding claims in the company’s files. The claims settled by the company are a total of N400 million. […]
We approved four more PFAs to create options for employees – Ambode
Leave a Comment Chuks Udo Okonta The Lagos State governor, Akinwunmi Ambode, has said his administration approved four more Pension Fund Administrators to boost the state’s pension processes and accord staff a wider range of options. Ambode, who spoke Tuesday at a town hall meeting in Abesan, in Lagos West […]
Italy proposes common Eurozone unemployment insurance scheme
At yesterday’s Eurogroup meeting, Italian Finance Minister Pier Carlo Padoan proposed creating a common Eurozone jobless scheme that would be funded by the 19 EU member states sharing the single currency and could be tapped by countries experiencing sharp unemployment rate rises. The Italian government believes such a scheme could […]
Insurance firms show strength in half year
There is no fretting about the financial strength of insura nce companies in Nigeria, Africa’s largest economy as favourable combined ratios mean these firms are profitable without threats to going concerns. The average cumulative combined ratios (CR) of 15 quoted insurance firms stood at 89.37 percent in the first six […]
