Experts in the insurance industry have called for greater participation of women in the sector in a bid to drive its growth in Africa.

The National Insurance Commission, NAICOM, has attributed its inability to revoke the operating license of illiquid (weak) insurance firms consistently defaulting in claims settlement due to the provision of the law that allows companies with assets in excess of liabilities to remain in operation.

FBN Insurance Limited has rewarded her outstanding financial advisors, sales managers, senior sales manager and area sales managers as part of measures to motivate its retail sales force in line with its corporate strategy.

The company stated that the development is in line with its earlier acquisition by Verod Capital Management Limited, through the Verod Capital Growth Fund III, adding that with the move, Tangerine General joins other associated companies under the Tangerine Financial Africa brand of companies.

The Pension Transitional Arrangement Directorate (PTAD) has issued a certificate of non-indebtedness to AIICO Insurance Plc, a move that clears the underwriter of any claim of non-remittance of pension assets.