Kindly leave a comment and share Chuks Udo Okonta As the world gets set to celebrate this year’s edition of the International Women’s Day on March 8, 2024, the Managing Director and Chief Executive Officer of Sovereign Trust Insurance Plc, Olaotan Soyinka, has reiterated the company’s commitment to providing an […]
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FIN Insurance bags N7.1bn profit in 2023, strengthens relationship with brokers
Kindly leave a comment and share Chuks Udo Okonta FIN Insurance Company Limited, has sustained its growth milestone with increase in Profit Before Tax (PBT) from N649, 568 million in 2022 to N7.1 billion in the 2023 financial year, with total assets rising to N21.1 billion when compared to N12.7 […]
Why insurers should esteem prompt payment of individual claims
Kindly leave a comment and share Chuks Udo Okonta Retail insurance, which is prominently dominated by individual policies, remains the master key to open insurance space in Nigeria, hence, should be given the needed attention, especially, prompt settlement of all genuine claims. Of the billion of Naira, doled out as […]
ATIDI, Kenya partner to advance renewable energy projects
Kindly leave a comment and share Chuks Udo Okonta The Government of Kenya and ATIDI, the African Trade Insurance Agency, have signed the Regional Liquidity Support Facility Memorandum of Understanding to collaborate in identifying, developing, and implementing renewable energy projects across Kenya. RLSF, a joint initiative of ATIDI, the KfW […]
ATIDI provides counter guarantee to InfraCredit for bond, debt finance in Nigeria
*ATIDI announces its support to InfraCredit through the issuance of a portfolio counter guarantee cover valued at NGN37 billion (USD 41million) *The partnership between ATIDI and InfraCredit underscores their shared dedication to advancing Nigeria’s infrastructure agenda and addressing financing challenges for sustainable growth and prosperity *Nigeria joined ATIDI in 2019. […]
Why you should plan for a new endeavour in retirement
NAICOM, insurers chart way forward for IFRS 17 implementation
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) in collaboration with the Nigerian Insurers Association (NIA) Accounting Technical Committee (ATC) are charting ways on how to ensure IFRS 17 is implemented effectively. At a one-day interactive session with key stakeholders on IFRS 17 implementation […]
Pension lump sum is not 25% of RSA balance
Kindly leave a comment and share Chuks Udo Okonta The public belief that Contributory Pension Scheme (CPS) lump sum paid to retirees is 25 per cent of their Retirement Savings Account (RSA) balance is not true. CPS lump sum is not determined by percentage, but achieved through a unique device […]
Why RSA balance above one third of minimum wage can’t be fully access in retirement
Kindly leave a comment and share Chuks Udo Okonta The Contributory Pension Scheme (CPS) on a daily basis is attacked by people who want the policies governing the system to suit their personal interest, not minding whether the interest of others are protected. One of the groups of agitators, believe […]
African Alliance reaffirms commitments to paying valid claims, settles N1.1bn in 2024
Kindly leave a comment and share African Alliance, a stalwart with over 63 years of expertise in the life assurance sector, is presently charting a course to illuminate the lives of both shareholders and customers alike. In a resounding affirmation, the Managing Director of the winner of the 2022 “Claims […]