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Insurers get knock for infraction on annuity
Leave a comment Chuks Udo Okonta Life Insurance operators who engage in unwholesome practices in order to sell their annuity products have been advised to refrain from such vices to forestall confusing retirees. The Director-General Lagos State Pension Board (LASPEB) Mrs Folashade Onanuga, said this at a forum in Lagos, […]
NAICOM to take campaign on Insurance desks to LGAs
Leave a comment Chuks Udo Okonta There are indications that the National Insurance Commission (NAICOM) would take the campaign on establishments of insurance desks and units to the local government areas in the country. Inspen gathered that such moves would be taken in line with the decision to have the […]
Pension: Lagos State Lottery Board gets kudos for contributing 23% for workers
Leave a comment Chuks Udo Okonta The Lagos State Lottery Board has been commended for contributing 23 per cent for its employees’ pension. The board is presently contributing 15 per cent while employees 8 percent. The Director-General Lagos State Pension Board (LASPEB) Mrs Folashade Onanuga, gave the commendation at the […]
Ondo State begins implementation of PRA 2014 in phases
Leave a leave Chuks Udo Okonta Ondo State Government has commenced implementation of the Pension Reform Act 2014 in phases, Inspen has learnt. The Director-General Ondo State Pension Commission Jaiyeola Olowosuko, disclosed this in an interview, adding that the first phase has commenced with employees employed in 2014. He noted […]
Old Mutual third-quarter sales climb 31% on growth in Africa
Old Mutual, Africa’s biggest insurer, said gross sales rose 31% in the third quarter as sales increased on the continent and at its wealth unit. The stock advanced to a record in Johannesburg trading. Sales climbed to 8.1 billion pounds ($12.5 billion) from 6.2 billion pounds a year earlier, London-based […]
Managing risks in an uncertain world
The re/insurance industry is seeing rapid change as it grapples with new risks in a changing world: this was the topic discussed by a panel at the Singapore International Reinsurance Conference on day two of the conference. The meeting covered the theme of ‘Managing Risks in an Uncertain World’. Session […]
Portland flooding triggers insurance claims
A lot of people who got stuck driving through high water, or their property flooded, are now dealing with insurance companies to get reimbursed. But what’s covered and what’s not? If you intentionally drove through high water and flooded your car’s engine, is that treated the same as if you […]
Third-party insurance holders pay more money for less cover
UK drivers with such policies are being charged thousands more than those with fully comprehensive cover, even though they offer less protection Drivers are being warned not to assume that third-party insurance will be the cheapest option after research by Guardian Money found they were being quoted up to £4,000 […]
Insurers’ conduct sometimes falls short – UK financial watchdog
Insurers’ professional conduct sometimes falls short and distrust of the finance sector is not confined to investment banking, the boss of Britain’s financial watchdog said on Tuesday. “You may think there is a world of difference between you and an investment banker, consumers don’t necessarily draw such fine distinctions…a lack […]
