Wednesday January 28th, 2015
Wednesday January 28th, 2015
Latest

Your insurance should protect you

  /   in Insurance and You 12:42 am   /   Comments

insurance-pix

As an insurance consumer, your insurance company should protect you once your offer is accepted and until the expiry date of your policy or its written cancellation by you or them.

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Mansard acquires Penman, begins pensions operations

  /   in Insurance and You   /   Comments

Mansard Insurance plc, a member of AXA Group has announced the completion of its acquisition of 60 per cent of Penman Pensions Limited in a move aimed at consolidating the insurer’s position as one of Nigeria’s leading non bank financial services groups.

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CHI encourages research in students, gives automatic employment to winners

  /   in Insurance and You   /   Comments

Miss Gbemisola Atinukeola Abiola of the Federal Polytechnic, Ibadan has emerged the winner of the 4th edition of the essay competition organised by Consolidated Hallmark Insurance, CHI, Plc for tertiary institutions in the country, instituted to encourage research among students. Accordingly, Gbemisola went home with N250,000 from the initial N100,000 which previous winners got.

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NAICOM inaugurates 14 coys to run energy pool

  /   in Insurance and You 12:55 am   /   Comments

The National Insurance Commission, NAICOM, has inaugurated fourteen insurance companies to operate the Technical Management Board of the Energy and Allied Risks Insurance Pool of Nigeria (EAIPN).

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Disciplined underwriting key in overcapitalised global reinsurance sector – A.M. Best

  /   in Insurance and You 12:20 am   /   Comments

insurance-pix

Current conditions in the global reinsurance sector, which remains overcapitalised, demand that disciplined underwriting, be the focus of reinsurers, suggests a new report by A.M. Best.

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Whether Okada, danfo or airplane, you have right to compensation

  /   in Insurance and You 12:22 am   /   Comments

File photo: Okada riders

Are you a passenger on okada, commercial bus, airplane, ship or other means of transportation? Are you a worker or vulnerable member of the public at a building construction site? Are you a regular visitor to a completed building used as business premises including government offices? Are you an employee of an organisation that employs more than 14 staff?

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SA pledges improvement in service delivery to customers

  /   in Insurance and You   /   Comments

insurance-pix

Managing Director of Standard Alliance Insurance Plc Mr. Tom Imokhai, has assured that as a service organisation, his company will continue to improve on service delivery to customers and business partners through value-added service delivery for customers’ satisfaction.

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Reinsurance rates decline in Jan

  /   in Insurance and You   /   Comments

Point of Sales, POS, facilities

Reinsurance broker Willis Re said that January 2015 reinsurance renewals, the key market renewal for much of the globe, natural catastrophe reinsurance rates have continued to decline. The brokers renewals report, Willis Re 1st View states that catastrophe reinsurance rates have declined by around 10% for the renewals.

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Federal, state pensioners in Ogun tell tale of woes

  /   in Insurance and You 12:52 am   /   Comments

*One of the protester Mr. Felix Adewale Balogun, Chairman Shomolu Local Government Education Authority bin cary out, during  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

Best of time for both the federal and state pensioners in Ogun State, as unpaid gratuities and irregular payment of pension have made life very miserable for the senior citizens.

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Amosun spends N27bn on pensions, gratuities

  /   in Insurance and You   /   Comments

Amosun-tour

Responding, the state government said it had spent about N22billion as payment of pensions and N5billion as gratuities in the last three and half years and pledged that it would neither owe the pensioners nor its workers.

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Let your PFA know your next-of-kin

  /   in Insurance and You 12:00 am   /   Comments

insurance-pix

It is important that you introduce and confirm your Next-of-Kin to your Pension Fund Administrator for record purpose because no one knows when Mr. Death may come calling.

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You have a choice to modify your vehicle’s comprehensive cover

  /   in Insurance and You   /   Comments

The-burnt-vehicle-360x225

As a vehicle owner in Nigeria, you have the option to choose between third party motor insurance cover and comprehensive motor insurance cover. If you opt for the comprehensive cover, you should know that a basic comprehensive motor insurance policy covers; third party insurance; fire damage to your vehicle; theft of your vehicle; collision or overturning damage to your vehicle; medical expenses incurred on you or your family members arising from injury sustained from accident to your motor vehicle subject to the limit specified by your insurer; towing expenses incurred on your motor vehicle following accident and up to the limit specified by your insurer.

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When you can access your retirement savings account

  /   in Insurance and You 12:12 am   /   Comments

*One of the protester Mr. Felix Adewale Balogun, Chairman Shomolu Local Government Education Authority bin cary out, during  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 Contributory Pension Scheme, CPS, seeks to, amongst others, ensure that every worker receives his retirement benefits as and when due.

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Stakeholders intensify efforts to boost insurance awareness

  /   in Insurance and You   /   Comments

insurance-pix

In recent times, stakeholders in the insurance industry have taken various steps to enlighten the public on the workings and benefits of insurance.

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Odua retired staff decry non-payment of pension

  /   in Insurance and You   /   Comments

The aged and retired staff of Odua Printing Ltd, a subsidiary of Odua Investment Ltd has decried non-payment of their pensions appealing to the company to save them from dying in suffering.

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Obasanjo frowns at insurance firm’s refusal to settle claims

  /   in Insurance and You 7:00 am   /   Comments

Chief Olusegun Obasanjo

Former President of Nigeria, Mr. Olusegun Obasanjo has decried the action of some fraudulent insurance companies who try to avoid payment of claims in the event of a disaster.

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It is your duty to manage your risks — Fashola

  /   in Insurance and You   /   Comments

Babatunde Raji Fashola

Governor of Lagos State, Mr. Babatunde Fashola has said that individuals have a responsibility to manage risks for the betterment of their lives.

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Ladipo-Ajayi underscores commitment to customer centric posture

  /   in Insurance and You 12:00 am   /   Comments

Managing Director of Lasaco Assurance Plc Mr. Olusola Ladipo-Ajayi has underscored the commitment of the company to sustaining its customer centric posture in order to remain a dynamic and vibrant player in the nation’s financial services sector.

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Fashola to speak on insurance , pensions

  /   in Insurance and You 12:45 am   /   Comments

Babatunde Raji Fashola

The National Association of Insurance Correspondents (NAICO) in conjunction with the Lagos State Government is organizing a public lecture on insurance and pensions industry in Nigria.

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MyAutoGenius.com, a revolution in Nigeria’s insurance industry — Venia Group

  /   in Insurance and You   /   Comments

insurance-pix

Chief Executive Officer (CEO) Venia Group, Mr. Kola Oyeneyin, has described Nigeria’s first online insurance comparison platform, MyAutoGenius.com as a revolution in Nigeria’s insurance industry.

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Insurance crucial to economic growth — SEC boss

  /   in Insurance and You   /   Comments

economy

Director-General of the Securities and Exchange Commission, SEC, Ms Arunma Oteh has described insurance as absolutely essential to the transformation of the Nigerian economy and the capital market.

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Pensioners tackle PTAD over delayed payment of arrears

  /   in Insurance and You   /   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

There are strong indications that pensioners under the Defined Benefit Scheme, DBS, who have been waiting since 2006 for their arrears to be paid, will have to wait till next year for it to be allocated in 2015 budget.

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Access Bank, MoneyGram partner for outbound transfer services

  /   in Insurance and You 12:00 am   /   Comments

By EDIRI EJOH

Access bank plc in collaboration with MoneyGram, has launched its outbound money transfer services tagged ‘Naija sends’, with the indication of a better platform for sending funds outside the country.

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Insurers to consider involvement in disaster mgt

  /   in Insurance and You   /   Comments

Insurance involvement in disaster management is to take centre stage at the 2014 National Insurance Conference to be organised by the Nigerian Council of Registered Insurance Brokers (NCRIB).

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Deepening insurance penetration through financial inclusion

  /   in Insurance and You 12:00 am   /   Comments

insurance-pix

The Nigerian insurance market is currently ranked 60th in the world. However, the Nigerian government envisions an insurance industry that can rank amongst the twenty largest markets in the world by the year 2020.

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‘Insurers, intermediaries should adopt creative approach to employment’

  /   in Insurance and You 12:01 am   /   Comments

insurance-pix

Insurers and intermediaries struggling to attract suitable personnel may find the situation growing even tougher unless they become more creative in their approach to employment

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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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