Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is set to conduct pre-licensing inspection on the four firms seeking operational lincences to enable them execute underwriting business, Inspenonline has learnt. The Head, Commissioner for Insurance Directorate, NAICOM, Rasaaq Salami, in a telephone chat with Inspenonline, […]
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UK insurers under fire as watchdog proposes radical ban on loyalty penalties
By Huw Jones, Carolyn Cohn Britain’s Financial Conduct Authority (FCA) on Tuesday proposed stopping insurers from charging existing car and home insurance customers more than new ones in the latest crackdown on an industry grappling with costly COVID-19 claims. One week after the FCA successfully brought a test case against […]
SA policyholders paid R230bn in claims and benefits during lockdown
*Over 480 000 also got R1bn in premium relief as a result of the crisis. By Larry Claasen Life policyholders received R230 billion in claims and benefit payments during the initial period of the COVID-19 crisis, according to the Association for Savings and Investment South Africa (Asisa). Web Money reported […]
3 Reasons You Need More Insurance Than You Think
Things happen. They happen to people and inanimate objects, and they happen for very good reasons or for no reason at all. For those in pursuit of accumulating significant retirement accounts and robust stock portfolios, or even if you’re new to saving, it’s never a bad time to review your […]
Prince (Dr.) Feyisayo Soyewo, MFR: A fine professional and humanist at 70
Dr. Soyewo Tope Adaramola Seventy years ago in the pristine agrarian town of Ago- Iwoye, in the present Ijebu North Local Government of Ogun State, little was it known that a baby boy born into the royal family of the Soyewos would someday grow to become the succorer of many, […]
An Insurance Solution for the World’s Poorest
*Entrepreneur Ntando Kubheka has launched a platform to insure the properties of millions of poor South Africans — even if if they live in shacks or homes without title deeds. * Kubheka’s company, Sugar, is gaining steam after launch this year, and he has dreams of taking it global. In […]
Retiree Life Annuity fund soared to N463.10bn in Q2 2020
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) said the Retiree Life Annuity (RLA) depicts marginal growth as the portfolio recorded 83,917 contracts purchased for a total premium of ₦376,585,316,488.84 as at end of Q2, 2020, which depicts 2.69 per cent and 1.58 per cent […]
Obasanjo, Gbenga Daniel congratulate Soyewo at 70
Soyewo Leave a comment and share Chuks Udo Okonta Former President, Chief Olusegun Obasanjo has joined other well-wishers in congratulating Prince (Dr) Feyisayo Soyewo, past President of the Nigerian Council of Registered Insurance Brokers (NCRIB) and the Olori Omo Oba of Ago-Iwoye on his 70th birthday. In a letter of […]
NAICOM eyes states involvement in new MDRI regime
Thomas Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) said it is rejigging the Market Development and Restructuring Initiatives (MDRI) to make room for agencies of states to be involved in the system. The Commissioner for Insurance, Sunday Thomas, said this in a chat with […]
Damage from riots across the US may cost insurance companies more than $1 billion
*Even though the costs are already high, the losses could be significantly more with the coming election season… by Franz Walker via Natural News (Natural News) The damage from riots sparked by the police killing of George Floyd may end up being the most expensive in U.S. history, costing insurance […]
