Nigeria must invest heavily in technological development and management, which will in turn aid growth and suitable competitiveness in various sectors of the economy, Commissioner for Insurance, National Insurance Commission (NAICOM), Mohammed Kari has said. He made this call at the maiden conference on Management, Technology and Development of the […]
Author: admin
U.K. FCA Chief Appeals to Insurers as She Vies to Keep Top Post
U.K. Financial Conduct Authority acting chief Tracey McDermott appealed to insurers to get behind the regulator, setting out her plans for the industry as she fights to keep the top job. “While our roles are different, and while a degree of challenge and creative tension between the regulator and the […]
Prudential policy leaves UK insurance division in question
The image of the “man from the Pru” — the insurance agent selling life policies door-to-door — is embedded in Britain’s national consciousness. But insurance in the UK has become increasingly less important to Prudential, as the country’s largest insurer by market value has aggressively pursued faster-growing markets, notably in […]
Faces at the Sovereign Trust Insurance Plc at the 2016 Budget/Strategy Session
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 […]
