Insurance companies’ total assets and liabilities increased by 3.2 percent to N817.6bn in the third quarter of 2015 According to the Central Bank of Nigeria (CBN)’s 2015 Quarterly Statistical Bulletin, a number of insurance companies and other financial institutions are indebted to commercial banks to the tune of N790billion as […]
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Obama will propose new wage insurance program next month
The Washington Post President Barack Obama will include a new wage insurance program in his budget next month that would provide supplements to workers who lose their jobs and end up taking new jobs at lower salaries. The president’s budget proposal will also include new protections for others who lose […]
‘Insurers get only 25% in oil and gas’
By: Omobola Tolu-Kusimo Despite the legislation on the Nigerian Oil and Gas Industry Content Development Act, significant high-value insurance risks worth 75 per cent and 60 per cent continue to flow into the international markets, A. M. Best, an international rating agency, has said. This was made known in a […]
Nigeria’s insurance contribution to GDP among the least in the world
By Babatunde Less than 1% of Nigerians have life insurance The Director-General of the National Insurance Commission, Mr. Sunday Thomas, has decried the general apathy for insurance by the Nigerian government and the citizens. Thomas noted that less than one percent of Nigerians voluntarily subscribe to life insurance. According to […]
Give African Asylum Seekers Legal Status, Work Permits And Health Insurance, Opposition Bill Says
Shmarya Rosenberg • FailedMessiah.com All members of Knesset from the opposition Zionist Union Party have signed on to a bill signed the bill that would give 41,000 Eritrean and Sudanese asylum seekers legal status in Israel while at the same time designating south Tel Aviv, where most of these asylum […]
One-week life insurance: Solutions for Africa’s informal market
The traditional insurance industry is still in its infancy in African markets outside of South Africa. With the majority of Africans working in the informal sector – with neither a bank account nor fixed income – the Western contractual life and medical insurance products do not cater to their financial […]
Pensions & Investments Acquires WorldPensionSummit and WorldPensionSummit Africa Special
Investments, a Crain Communications publication and global media source for institutional investors, has announced the acquisition of the WorldPensionSummit and WorldPensionSummit Africa Special from Netherlands-based company, Global Platform BV. The WorldPensionSummits are platforms for global retirement industry professionals, thought leaders, policy makers, academics, and global asset management firms to address […]
Oniwinde celebrates 76th birthday
Chuks Udo Okonta It was an atmosphere of joy and bliss as Elder (Dr) Adelani Kehinde Oniwinde celebrates his 76th birthday at his home in Lekki on 8th January. The insurance doyen is a Fellow of the Chartered Insurance Institute (CII), London and Chartered insurance Institute of Nigeria (CIIN). He […]
Insurers laud FG’s move to review insurance bill
CFI, Mohammed Kari Leave a comment Chuks Udo Okonta Insurance operators have commended the Federal Government for setting up a committee to review the insurance bill. The Director-General Nigerian Insurers Association (NIA) Sunday Thomas, in a telephone interview, with Inspen, said the move is a good development, stressing that the […]
FG Constitutes C’ttee to Review Insurance Bill
Mrs. Kemi Adeosun Ndubuisi Francis The federal government has constituted a ten-member committee to review the Insurance (Consolidated) Bill, a move that seeks to make the bill conform with the ideals of contemporary insurance practice. It is also aimed at ensuring an efficient insurance industry in the country. The impending […]
