Longe Leave a comment and share Chuks Udo Okonta The Federal Government has accumulated over N140 billion pension liabilities in recent times, Inspen can report. The inability of the government to meet its obligations has raised great concern amongst stakeholders. According to the National Pension Commission (PenCom), from 2014 to […]
Insurance
Dearth of skilled marine insurers hit industry
Efekoha Leave a comment and share Chuks Udo Okonta The knowledge of marine insurance is fast eroding in the industry, a group of underwriters have said. This assertion was made by the Marine Offices Committee in a report presented to the the Nigerian Insurers Association (NIA). The committee attributed the […]
Great Nigeria Insurance drums need for insurance
Mrs Osipitan Leave a comment and share Chuks Udo Okonta Runs GNIONGO on Radio Great Nigeria Insurance Plc has called on Nigerians to adopt the culture of insurance now more than ever before. This advice is coming at the heels of the various incessant cases of road accidents across the […]
Kenyan Insurers Face New Capital Rules Which Could Lead to Market Shakeout
By Bella Genga A push by Kenyan regulators to clean up the East African country’s insurance industry is poised to trigger stake sales or exits by underwriters unable to meet the new capital requirements, according to an industry group. Most companies missed a June deadline to start building capital levels […]
FBN General Insurance guns for retail business
From left: Chinyere Elue, Head, Business Development, Lagos Mainland, FBNGI; Bode Opadokun, MD/CEO, FBNGI; Olumide Ibidapo, Head, Technical and Branch Operations, FBNGI; Shola Osho, Head, Business Development, Lagos Island, FBNGI at the Media Parley held to announce the appointment of the new MD/CEO of FBN General Insurance. Leave a comment […]
UK IFA launches new life cover service for British expats
By Monira Matin Unusual Risks, a UK-based mortgage and insurance advice firm has launched a new service aimed at providing life insurance to British expat living abroad. The firm said the new fee-based offering was created off the back of its Expatriate Life Insurance Survey 2016, which found that just […]
Establish an insurance company, commercial drivers urged
By Felicia Yeboah-Akpoh Jacob Allotey-Jacobs, a member of the National Petroleum Authority (NPA), has called on commercial drivers to established an insurance company to generate additional income to boost their resources. He said as practiced in other countries, drivers could form a company, pay their premium and invest the proceeds […]
UK motor insurance premiums increase – survey
The cost of British car insurance rose 6.5 percent in the second quarter compared with the previous three months, website Confused.com said, with the increase blamed on higher prices for repairing more complex vehicles. The cost of an average comprehensive motor premium rose to 715 pounds ($928) in the three […]
FBN General Insurance appoints Opadokun MD/CEO
Opadokun Leave a comment and share Chuks Udo Okonta FBN General Insurance Limited has announced the appointment of Olabode Opadokun as its Managing Director/Chief Executive Officer. The firm in a statement said Opadokun is a consummate financial services professional with over 27 years’ experience spanning underwriting, risk assessment, operations and […]
Proposed Divestment of IEI Plc’s 81% Equity Shareholding in IEI-Anchor Pension Managers Limited
We refer to Section 1. 10 (b) (v) of the National Insurance Commission (NAICOM) Operational Guidelines (Insurers & Reinsurers) prohibiting insurance companies in Nigeria from investing more than 25% of the proceeds of public offers and private placements of shares in non-insurance related companies or ventures. Incompliance with the guidelines […]