Leave a comment and share Chuks Udo Okonta The Director-General National Pension Commission (PenCom), Mrs. Chinelo Anohu-Amazu has bagged the 2015 the Sun award in the Public Service category. The award plaque was presented to her alongside other winners, including the Leader of the All Progressives Congress (APC), Asiwaju Bola […]
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20% of Dubai cars reported under-insured
All UAE drivers know that car insurance is mandatory, but not all insurance is created equal. A recent investigation by QIC Insured and MoveSouq.com spanning over 45,000 cars has revealed that roughly 20 per cent of Dubai cars are under-insured. What makes an under-insured car? Under-insured cars are those covered […]
Insurers stop policy sales in over 60 localities to prevent fraudulent claims
MUMBAI: Recent frauds in small towns such as Ganjam in Odisha and Kubernagar in Gujarat have prompted insurers such as LIC, ICICI Prudential Life and HDFC Life to ban their agents from selling policies in over 60 localities to prevent fraudulent claims. Scores of agents and hospitals have also been […]
Allianz, AXA in final offers in CIMB insurance deal
CIMB could fetch about US$200 million (RM842 million) from the deal. The so-called bancassurance agreement will allow an insurer to distribute products through CIMB outlets for more than 10 years. – Reuters pic, February 20, 2016.CIMB could fetch about US$200 million (RM842 million) from the deal. The so-called bancassurance agreement […]
NAICOM Approves IGI’s 2014 Accounts
Chuks Udo okonta The National Insurance Commission (NAICOM) has approved the 2014 accounts of Industrial And General Insurance Plc (IGI). This was disclosed in a statement by the company’s management, which described NAICOM’s approval of the financial statements as a positive development and a huge boost to IGI’s restructuring effort. […]
Zurich Insurance says may sell South Africa business
(Reuters) — Zurich Insurance Group A.G. may sell its South African business as part of a strategic review, the Swiss group said on Friday. “In recent years, Zurich has successfully turned around our South African insurance business, which includes our operations in Botswana. The group is now evaluating whether it […]
N5.31tn pension funds not idle – PenCom
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has reiterated that the over N5.31 trillion pension funds are not laying idle in any bank account as alleged by those who do not understand the working of the Contributory Pension Scheme (CPS). Its Director-General Mrs Chinelo […]
PenCom creates special function unit to drive micro pension
Director-General PenCom Mrs. Chinelo Anohu-Amazu Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has established a special function unit to drive the micro pension plan, Inspen can report. The commission disclosed this on its website, stressing that in implementing the micro pension initiative, the informal […]
South African insurer to enter Australian retail market
South African insurance company Professional Provident Society SA is set to enter Australia’s retail life insurance market with a focus on targeting professionals through the advice channel. According to a statement, the new business, PPS Mutual – to be headed by former Centric Wealth CEO Michael Pillemer – will look […]
PFAs are ready for 20m anticipated subscribers – Longe
The Contributory Pension Scheme (CPS) remains the best initiative the pension industry has ever had, as it is able to tackle corruption and also ensure better life for workers at retirement, a characteristic that was lacking in the old pension scheme. In this interview with Chuks Udo Okonta, the President, […]
