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Pension

Premium Pension launches PRIMA to boost clients’ engagements

Kindly leave a comment and share Chuks Udo Okonta Premium Pension Limited, one of the Nigeria’s leading Pension Fund Administrators, has announced the deployment of the Premium Interactive Member Assistant (PRIMA) on WhatsApp, Telegram and various social media platforms to enhance interactions with customers. A statement by the firm’s Head, […]

Insurance

Insurers lose billion of naira to poor KYC on motor business

Kindly leave a comment and share Chuks Udo Okonta Insurance operators’ inability to effectively know their motor insurance customers is costing them huge premium loss, Inspenonline can report. According to experts, having complete data of motor insurance policyholders would enable insurers communicate directly and also sell other policies to them, […]

Insurance

NCRIB implores govt to tackle insecurity, food scarcity

Kindly leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has asked the federal and state governments to tackle challenges of insecurity and food scarcity bedeviling the country. The President of NCRIB Babatunde Oguntade, disclosed this today at the February Edition of NCRIB […]

Pension

FG transfers PTAD to Ministry of Finance

Kindly leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) is to be scrapped and functions transferred to the Federal Ministry of Finance. This part of the decision reached by Nigerian Government during the Federal Executive Council (FEC) meeting held yesterday Monday in Abuja. The […]

Insurance

How insurers should manage exchange rate risk – Dr. Yusuf

Kindly leave a comment and share Chuks Udo Okonta The Chief Executive Officer Centre for the Promotion of Private Enterprise (CPPE) Dr. Muda Yusuf, has identified investment in hedged assets, currency forwards, diversification of investment portfolio and more as means insurance companies could adopt to manage the volatile exchange rate […]

Insurance

Distrust clogs KYC policy on motor insurance

Kindly leave a comment and share Chuks Udo Okonta Distrust amongst insurance companies, brokers and agents is clogging Know-Your- Customer (KYC) policy on underwriting of motor insurance, Inspenonline can report. Investigation has revealed that most insurance brokers and agents are reluctant to give vital details such as phone number and […]