Friday August 1st, 2014
Friday August 1st, 2014
Latest

How to buy life insurance

  /   in Insurance and You 12:49 am   /   Comments

insurance-pix

Your survivors could use the policy’s death benefit to pay off debts, cover funeral expenses, pay ongoing bills and meet long-term financial goals like college education for your kids.

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WPS holds first Africa special summit in Abuja

  /   in Insurance and You   /   Comments

The World Pension Summit (WPS) a global body for pension professionals is set to hold its first “Africa special” summit in Abuja.

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The Pension Reform of 2004

  /   in Insurance and You 12:47 am   /   Comments

Pix: A Protest by Nigeria Union of Pensioners, Lagos state, on non payment of Pensioners arrears and gratuities by Lagos state Government, at Lagos House, Alausa, Ikeja. Photo: Bunmi Azeez

The Pension Reform Act 2004 introduced the Contributory Pension Scheme (CPS)

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Insurance sector needs dynamic strategies to make meaningful contribution to GDP – NAICOM

  /   in Insurance and You   /   Comments

economy

Commissioner for Insurance, Mr. Fola Daniel, in this interview stated among other issues that the rebasing of the economy places enormous responsibility on the insurance industry. Excerpts.

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Insurance, tool for wealth creation — NEPAD

  /   in Insurance and You   /   Comments

Chairman, NEPAD Business Group Nigeria (NBGN), Chief Chris Ezeh has described insurance as tool for wealth creation and a key to economic transformation of the country.

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Law Union bonds with children

  /   in Insurance and You 12:32 am   /   Comments

insurance-pix

Law Union & Rock Insurance Plc said that it partnered with Inspiration FM to create a bonding session for children and avail them with accident insurance covers.

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11 financial books every intending investor should read

  /   in Insurance and You   /   Comments

William Bernstein, cofounder of investment management firm, Efficient Frontier Advisors, writes in his recently published e-book “If You Can: How Millennials Can Get Rich Slowly” on the importance of having a basic understanding of finance in order to successfully save for retirement. He recommends reading the following books on investing.

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African insurance industry sees prospect in technology, R & D

  /   in Insurance and You 12:56 am   /   Comments

Africa

The promotion of new business growth spurred the need to build indigenous companies on the one hand and retaining and expanding firms on the other as cornerstones of a competitive strategy for economic development in insurance markets across Africa and beyond.

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STI enters committee on oil & energy pool in Africa

  /   in Insurance and You   /   Comments

Sovereign Trust Insurance Plc, STI, has been appointed into the nine-member committee to steer the affairs of the Oil & Energy Pool in Africa.

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How young people can get rich slowly

  /   in Insurance and You 12:32 am   /   Comments

youth-submit

The real reason why you’re going to have a crummy retirement is that the conventional “defined benefit” pension plan of your parents’ generation, which provided a steady and reliable stream of income for as long as they lived, has gone the way of disco

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Rebased GDP: Capturing true contribution of insurance sector to the economy

  /   in Insurance and You   /   Comments

Nigeria-economy

The Nigerian insurance sector has always been considered as the weaker sibling of the banking sector in the financial industry unlike in advanced climes where insurance companies own banks

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PenCom focuses on improving service delivery in pension industry

  /   in Insurance and You   /   Comments

From left: Secretary/Legal Adviser, National Pension Commission (PenCom), Muhammad Sanni Muhammad; Chairman, Pension Operators Association of Nigeria (PenOp) and Managing Director, Legacy Pension Managers Limited, Misbahu Yola and Managing Director, First Pension Custodian Limited, Kunle Jinadu, at the 8th annual Business Law Conference, in Lagos.

The National Pension Commission, PenCom, said a number of measures have been adopted in the pension industry to improve service delivery

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Helios invests N8bn to acquire stake in ARM Pension

  /   in Insurance and You   /   Comments

Helios Investment Partners LLP, a private-equity firm that focuses on Africa, has invested about $50 million (N8 billion) in the acquisition of a minority stake in a Nigeria firm, ARM Pension Managers PFA Limited

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Goldlink boss named insurance man of the year

  /   in Insurance and You   /   Comments

Chief Executive Officer, Goldlink Insurance Plc, Mr. Gbolahan Olutayo has been named the “2013 Insurance Man of the Year” at the maiden edition of BusinessToday Online Award

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How govt and insurers can collaborate against terrorism

  /   in Insurance and You 12:36 am   /   Comments

Army-war

BOKO Haram’s insurgency in Nigeria has left more than 12,000 people dead since 2012. Some years back, nobody believed that terrorists’ attacks will become a regular occurrence in Nigeria

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How to invest for retirement

  /   in Insurance and You   /   Comments

Mr. Aliyu Dikko, Chairman, Premium Premium

INVESTING for retirement is more complicated than most workers would want to admit. In fact, according to a survey by Charles Schwab of people 50 and older, nearly one in three say they find investing for retirement a bigger challenge than dealing with expenses or saving money

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Getting your business to the next level

  /   in Insurance and You   /   Comments

Business

FOR a startup, an advisory board can be extremely helpful with boosting your operating team. “Advisors often have more scar tissue and can help avoid land mines,” said Ranjith Kumaran, who is the founder of PunchTab

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Premium pension has extended horizon — Dikko

  /   in Insurance and You   /   Comments

Nigerian elder statesmen on the queue  during Pension verification exercise.

CHAIRMAN of Premium Pension Limited, Mr. Aliyu Dikko said that the company has expanded its horizon in terms of funds under management and number of Retirement Savings Accounts (RSAs)

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How insurance industry can actualize revenue potentials, by Accenture

  /   in Insurance and You 12:23 am   /   Comments

insurance-pix

A recent survey carried out by Accenture has revealed that the insurance industry could tap into huge revenue potential only through a deliberate transformation and positioning of the sector.

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How the NPF Pensions will operate

  /   in Insurance and You 12:21 am   /   Comments

*grandaunts

The National Pension Commission, PenCom, recently issued an Approval-in-Principle to NPF Pension Limited, to manage the pension assets of men of the Nigeria Police Force (NPF).

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SAP, Hartford Green to provide Cloud technology to insurance sector

  /   in Insurance and You 12:02 am   /   Comments

insurance-pix

SAP Africa in partnership with Hartford Green Consulting, has announced the provision of cloud technology to cater for the needs of the rapidly growing insurance industry in West Africa.

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Custodian records N4.33bn profit before tax

  /   in Insurance and You   /   Comments

Custodian and Allied Plc, has recorded N4.33 billion profit before taxation for the 2013 financial year, while its earning and Net Asset per share increased to 60 kobo and 325 kobo respectively, said Chairman, Board of Directors of the company.

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Pension assets safe, PenCom reassures

  /   in Insurance and You 12:47 am   /   Comments

cartoon-pension

NATIONAL Pension Commission, PenCoM, has dismissed reports that accumulated Pension fund of over N4trillion is under threat because of alleged pull out of Contributory Pension Scheme, CPS, by the Nigeria Police Force, NPF, saying such report is not only unfounded, but also a factual error capable of misleading the general public.

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Retirement plans for our workers robust, says NB

  /   in Insurance and You   /   Comments

NIGERIAN Breweries, NB, Plc, has said retirement plans for its workers are very robust, aimed at ensuring a comfortable life after retirement.

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Police can change PFAs with transfer window –PenCom

  /   in Insurance and You 12:12 am   /   Comments

*grandaunts

THE National Pension Commission, PenCom, has said that every police officer will, in line with section 11(2) of the Pension Reform Act, PRA, 2004, be at liberty to transfer to another Pension Fund Administrator, PFA, of his/her choice as soon as the transfer window is opened by the Commission

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Businesstoday online unveils nominees for 2013 insurance award

  /   in Insurance and You   /   Comments

insurance-pix

BUSINESSTODAY Online, a Nigerian business news website has released the names of nominees for the 2013 Nigerian Insurance Businesstoday award.

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Custodian & Allied records 90.7% profit increase in Q1

  /   in Insurance and You   /   Comments

Custodian & Allied Plc has announced profit before tax of N1.3billion for the unaudited first quarter results ended 31 March 2014. This indicates an increase of 78.5 per cent over the N746.9 million recorded in the corresponding period of 2013.

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Latest

Insurance operators must recognize our rights — INSCAN

  /   in Insurance and You 12:46 am   /   Comments

insurance-pix

The Insurance Consumers Association of Nigeria, INSCAN, has called on insurance operators to see claims payment as the right of the insurance consumer and not as a favour.

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NIA cautions government on encroachment into insurance business

  /   in Insurance and You   /   Comments

insurance

The Nigerian Insurers Association, NIA, has charged the federal government to stop further encroachment on the business of insurance.

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Insurance claims: Over N2bn settled through NAICOM’s intervention

  /   in Insurance and You   /   Comments

The National Insurance Commission, NAICOM, said it successfully facilitated claims payment of over N2 billion in 2013. In a statement, NAICOM said the move is in line with its continuing efforts at ensuring adequate protection of policyholders and insurance consumers over settlement of genuine insurance claims.

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‘NAICOM should restrict compulsory insurance where supervision is possible’

  /   in Insurance and You 12:20 am   /   Comments

Pensioners during a verification exercise.

IF the National Insurance Commission, NAICOM,hopes to achieve success in the implementation of compulsory insurance products, it should be restricted to areas where a need is generally felt and in sectors where supervision is possible at a reasonable cost, Managing Director of Niger Insurance Plc, Mr. Kola Adedeji, has said.

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Insurers urge government to revive manufacturing sector

  /   in Insurance and You   /   Comments

car-park-1111

INSURANCE operators have called on the government to take concrete steps to revive the manufacturing sector, saying that the collapse of the textile industry in Nigeria is having huge negative impact on operations of insurance companies.

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