Sovereign Trust Insurance Plc, STI, has said that it paid out over N386.9 million as claims in the first quarter of the year. In a statement, the company noted that the move is part of efforts to demonstrate avowed commitment towards prompt claims settlement.Read More
Insurance and You
IT is no longer news that insurance penetration in Nigeria is below one per cent and this is due to the obvious fact
that the greater part of the population have refused to accept insurance as a risk transfer mechanism.
GUINEA Insurance Plc has resolved to support growth and development in the insurance industry. To this end, the company strategically partnered with the Chartered Insurance Institute of Nigeria (CIIN) to ensure that the recently held street presence exercise in Lagos was seamless and successful.Read More
LAGOS State government has issued Retirement Benefit Bond Certificates to the tune of N1.002,856 billion to another set of 275 retirees from the mainstream, local government, SUBEB, TEPO and parastatals of government, under the Contributory Pension Scheme (CPS) for the Month of May, 2016.Read More
DESPITE the numerous poverty eradication programmes which past governments had initiated and implanted, a world bank’s report shows that Nigerian Human Development Index (HDI) is 0.416 and that above 70 percent of the population was living on the breadline.Read More
THE National Insurance Commission, NAICOM, has warned brokers’ that are into some form of arrangements with various state governments whereby insurance policies are being offered to unsuspecting public to desist from such acts. Commissioner for Insurance, Mohammed Kari, who gave the warning during the 2016 annual chief executive officers retreat of the Nigerian Council of Registered Insurance Brokers (NCRIB) in Osun State, said that such acts are illegal.Read More
STANBIC IBTC Pension Managers Limited is set to enlighten people approaching retirement on the path to a comfortable retirement while removing the stress of pondering what will happen when the individual disengages from active service.Read More
THE National Pension Commission, (PenCom) can now effectively monitor, through data access and visibility, Pension Fund Administrators (PFAs) transactions on FMDQ.Read More
THE Nigeria insurance market is set to provide the platform for knowledge sharing and networking amongst members of West African Insurance Companies Association (WAICA) as the body hosts its 38th Annual General Meeting (AGM) and Education Conference in Lagos.Read More
The last may not have been heard of the battle between the executive management of the National Insurance Commission (NAICOM) and the Commission’s staff under the Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Service Employees (AUPCTRE) as the insurance regulator is alleged to have reneged on some of the contending issues agreed upon by both parties.Read More
MOST businesses have not been able to outlive their founders, due to their failure to make deliberate and systematic plan before their death. In other words, most businesses have failed after the original founder due to lack of deliberate and systematic plan in the transfer of the ownership of the business from one family to the next.Read More
IF you want to have a good retirement after the many years you put in as a worker, you have to identify and develop requisite skills around your innate ability.
This is one of the critical ways of effectively planning for life in retirement.
There are indications that the National Insurance Commission, NAICOM, is putting modalities in place to institute an Insurance Committee for the sector just like the Bankers Committee of the banking sector.Read More
Global economic losses from drought will surpass current estimates of $8 billion ($11.39 billion) as El Nino continues to strengthen, Impact Forecasting warns.Read More
The Nigerian Council of Registered Insurance Brokers, NCRIB, has called on the Nigerian Civil Aviation Authority, NCAA, to ensure that no airline operator is allowed to operate without adequate insurance cover.Read More