Arik Air has launched a customised air travel insurance, which the airline said was aimed at taking passengers flying experience to a new level. Thisday reported that the new air travel insurance enables a passenger to enjoy a customised domestic travel insurance on Arik Air with only N1,000.00. All a […]
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Canada pension fund ready to invest $2 billion in Mumbai housing
Mumbai: Canada’s pension fund is ready to invest $2 billion in affordable housing in Mumbai, a top Indian official said, in a move that would boost Prime Minister Narendra Modi’s goal of providing cheap housing to millions of people. “A week back, the Canadian ambassador… informed me that the Canadian […]
A.M. Best: Europe Insurance Market Begins Recovery; Life Sector Drives Growth
Europe’s largest insurance markets have continued to show some signs of recovery, with many experiencing top-line growth, driven by the life sector, according to a new report by A.M. Best. In general, the increases in total gross written premium (GWP) come following a number of years of muted development and […]
Tax hike may rattle British motor, home insurers
* Tax on motor, home insurance to rise from November * Consumers to face higher bills; home cover sales may slow * Insurers may have to scrimp elsewhere, analysts say By Carolyn Cohn and Noor Zainab Hussain Reuters – A tax hike on British motor and home insurance policies effective […]
50 Insurance, Reinsurance Firms Yet to Submit Annual Returns to NAICOM
By Ebere Nwoji About 50, out of the existing 58 insurance and reinsurance firms are yet to submit their 2015 third quarter Annual Accounts and Returns to the National Insurance Commission (NAICOM). Also, six of the above existing firms are yet to submit their first, second and third quarter 2015 […]
Business Journal Named ‘Best Financial Newspaper in Nigeria’
Business Journal has won international recognition as ‘Best Financial Newspaper in Nigeria’ in the 2015 International Finance Awards by Wealth & Finance International Magazine of the United Kingdom (UK). In the award letter to Business Journal, Jonathan Hicks, the Editor of Wealth & Finance International said: “Business Journal: You Are […]
AIG mulls spinning off mortgage insurance: Report
By Jacob Pramuk | @jacobpramuk American International Group is considering spinning off or selling its mortgage insurance segment amid shareholder pressure to split, The Wall Street Journal reported Thursday, citing sources. The insurance giant’s directors have discussed plans for the business for “a while” but have not made a final […]
THE PENSION REFORM LAW 2014 AND AREAS OF DIFFERENCE WITH THE LAGOS STATE PENSION REFORM LAW 2007 by Opeyemi Abodunrin (Mrs.) Public Sector Pensions Department (NATIONAL PENSION COMMISSION)
Outline Introduction Establishment and Coverage of the CPS Administration of Retirement Benefits Under the PRA2014 RSA Registration and Funding Transitional Provision for Public Sector Other new provisions Areas of Inconsistency of the LSPRL 2007 with the PRA 2014 Introduction The signing of the PRA 2014 into law in July 2014 […]
SEMINAR ON PROVISIONS OF PENSION REFORM ACT,2014 PENSION FUND INVESTMENT/ADMINISTRATION/PROGRAMMED WITHDRAWAL MODULE By Fatai Olufeso Adegboyega Premium Pension Limited
Content The PRA, 2014 Object of the Investment Regulation Pension Fund Assets Investment Regulation Institutional Framework General Principles Authorized Markets Allowable Instruments Quality Requirements of Allowable Instruments Conflict of Interest Investment Limits Performance Benchmark RSA Retiree Fund Violations of Investment Limits Administration of Retirement Benefit Documentation & Processes Administration of […]
Faces at the 2015 annual workshop of the Offices Representatives Committee (ORC) of the Chartered Insurance Institute of Nigeria
