The Federal Government is owing insurers and brokers’ premiums for 2013 Group Life Insurance Policy (GLIP) of the Armed Forces, Defence Spokesman, Colonel Rabe Abubakar, has said. Abubakar, who made this known in an interview, however, said efforts were on to ensure that the premium was paid to the brokers […]
Insurance
SASSA restricts insurance deductions on social grants
JOHANNESBURG – South African Social Security Agency (SASSA) is tightening the screws and reviewing its policy regarding funeral policy deductions on child support grants. The social grants agency says its research has shown that such deductions may not be in the best interest of the child. SASSA says as from […]
Obamacare Insurers Sweeten Plans With Free Doctor Visits
Health insurers in several big cities will take some pain out of doctor visits in 2016. The plans will offer free visits to primary care doctors in their networks. You read that right. Doctor visits without copays. Or coinsurance. And no expensive deductible to pay off first either. In Atlanta, […]
Happy New Year
The Management of Inspen Media wishes all our readers and supporters Happy New Year, and solicits your support towards achieving our goals of providing prompt and in-depth news and reports. Chuks Udo Okonta CEO
Auwalu Muktari now Royal Exchange’s Acting Group Managing Director
PRESS RELEASE • Francis Okoli appointed Group Chief Financial Officer The Board of Directors of Royal Exchange Plc, Nigeria’s leading Insurance and Asset Management Group is pleased to announce the appointments of the following officers to direct affairs of the group. The appointments are: • Alhaji Auwalu Muktari, former Group […]
NAICOM is working to make insurers richer, better – Kari
Kari Leave a comment Chuks Udo Okonta The Commissioner for Insurance Mohammed Kari, says the National Insurance Commission (NAICOM) is working hard to make insurance institutions richer and better, but wondered why they are not taking advantage of the opportunities created by the commission. Kari, who disclosed in Lagos, said […]
How to boost prices of insurance stocks – Shareholder
Shareholders at an event Leave a comment Chuks Udo Okonta The Coordinator Independent Shareholders Association of Nigeria (ISAN) Sir Sunny Nwosu, says reducing the volume of insurance stocks as against the present huge volume in circulation would help push up the prices. He told Inspen in an interview that inadequate […]
Insurance rip-offs are a Nationwide problem
Patrick Collinson First the bad news. When I promised last week to name and shame the companies accused of overcharging loyal customers for home insurance, I didn’t think it was going to feature Nationwide, usually one of the better behaved financial services providers. The good news is that Nationwide has […]
Regulator to tighten controls for insurance companies
By Li Xiang BEIJING, Dec. 30 (Xinhuanet) — The China Insurance Regulatory Commission said on Tuesday that it would tighten regulations for insurers to reduce the risks from equity investments. Several insurance firms have been making aggressive equity investments recently with leveraged trading and this could endanger their ability to […]
NCRIB Commiserates with Galaxy TV, others over fire disasters
Okunoren The Nigerian Council of Registered Insurance Brokers (NCRIB) has condoled with management of Galaxy Television which station was gutted by fire recently in Lagos. The Council also extended the same message to victims of recent fire outbreak in Lagos and other parts of the Country. In a release signed […]
