Chuks Udo Okonta About N26.63 billion is contributed monthly by Retirement Saving Account (RSA), the National Pension Commission (PenCom) has said. The commission said in a report that the average monthly contributions by the private and public sectors were N17.46 billion and N9.17 billion respectively during the first quarter in […]
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Six Nigerian pilgrims dead in crane crash buried, says envoy
Nigeria’s Consul-General to Saudi Arabia Ahmed Umar said on Sunday that the six Nigerian Pilgrims who died in the Sept. 11 crane crash in Mecca had been buried. Briefing newsmen in Jeddah, he said the bodies were buried on Sept. 18, in a “specially designated cemetery’’ in Mecca, where all […]
Buhari is a liar and has deceived you, says Shekau
Shekau Nigeria’s military on Saturday claimed further gains in its counter-offensive against Boko Haram, but the group’s shadowy leader Abubakar Shekau dismissed the talk of success as “lies”. Vanguard reported that the Army spokesman Sani Usman said troops destroyed more rebel enclaves and camps in the restive state of Borno, […]
Swiss Insurance Company Wants Higher Premiums For People Who Don’t Wear Fitness Trackers
Forbes Michael Thomsen , Opinions expressed by Forbes Contributors are their own. CSS wants people to walk more. In July, the Swiss health insurance company launched a pilot program with 2,000 volunteers to collect data on how far each person walks in an average day, according to Swiss news site […]
KEY NOTE ADDRESS BY MOHAMMED KARI , COMMISSIONER FOR INSURANCE/CHIEF EXECUTIVE , NATIONAL INSURANCE COMMISSION AT CHARTERED INSURANCE INSTITUTE INSURANCE 2015 PROFESSIONAL FORUM
Kari It is always an honour to address my professional colleagues. It is my pleasure to yet again welcome you to this significant Insurance Professional Forum which also doubles as the first since the advent of the government of President Muhammed Buhari the thrust of whose administration is “Change”. For […]
African insurers beware
ALB African insurers buying reinsurance from the London insurance market will have to take into account the Insurance Act 2015, new legislation which comes into effect in August 2016. Garbhan Shanks, a partner with UK law firm Michelmores, investigates the changes. The new Insurance Act 2015 will come into […]
Hannah Awolowo is dead
HID and Awolowo The matriarch of the Awolowo family, Chief Hannah Idowu Dideolu Awolowo, is dead. Mama, as fondly called by many, died on Saturday at age 99. HID, would have turned 100 on November 25 this year. She reportedly died shortly after a meeting on Saturday with her family […]
Underwriters intensify efforts to settle outstanding claims
Kari Chuks Udo Okonta Just 11 days to the deadline given to insurance operators by the National Insurance Commission (NAICOM) to settle all outstanding claims, many of them are jostling to comply with the directives, Inspen can report. Investigations revealed that many of the underwriting firms which used to drag […]
UK insurance sector shakeup puts spotlight on Association of British Insurers
By Caitlin Morrison Britain’s insurance market has undergone massive changes over the past year, and a series of megadeals recently taking place in the sector is just one sign of how companies are scrambling to protect themselves against new policies impacting the industry. Chancellor George Osborne famously shook up […]
FG seeks warrant to arrest Saraki
Saraki The Federal Ministry of Justice has asked the Code of Conduct Tribunal, CCT, sitting in Abuja to issue bench warrant for the arrest of the Senate President, Dr. Bukola Saraki. Vanguard reported that a deputy director in the office of the Attorney General of the Federation, Mr. M.S. Hassan, applied […]
