Wednesday November 26th, 2014
Wednesday November 26th, 2014
Latest

It is your duty to manage your risks — Fashola

  /   in Insurance and You 12:46 am   /   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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Obasanjo frowns at insurance firm’s refusal to settle claims

  /   in Insurance and You   /   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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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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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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