Reports emanating from the Pension industry in Nigeria has revealed that 28 out of the 36 states are yet to fully embrace the contributory pension scheme, CPS, introduced over nine years ago following the Pension Reform Act, PRA, 2004.Read More
The recommendation in the Pension Reform Bill that employer and employee contributions in the Contributory Pension Scheme, CPS, be raised from a total of 15 per cent to 20 per cent is aimed at making workers even better off on retirement.Read More
Mr. Yemi Soladoye, Managing Director of RiskGurad Africa, is an insurance expert and consultant. In this interview with Rosemary Onuoha, he states that retail insurance is the way to go for insurance operators.Read More
Lack of government support and low awareness are some of the challenges currently plaguing the performance and success of the Nigerian Insurance Industry Database, NIID, of the Nigerian Insurers Association, NIA.Read More
Inspenonline, an insurance and pension online media has released the names of nominees for the 2013 Nigerian Insurance and Pension (Inspen) Award.Read More
Insurance industry operators have said that they would embark on two major strategies that would help them drive their present quest for bumper patronage and harvest of premium in the 2014 business year. The two major strategies, according to these operators, are education of the public and awareness creation to sensitize Nigerians on the relevance of insurance to their daily living.Read More
President of the Nigerian Council of Registered Insurance Brokers, NCRIB, Mr. Ayodapo Shoderu has expressed dissatisfaction on the current division masterminded by some aggrieved brokers in the insurance industry.
Shoderu said they will make effort to bring the aggrieved brokers under one umbrella body which is the NCRIB.
Insurance managers across the Economic Community of West African States lose about $70 million to the menace of fake brown cards operators, Secretary General, Nigerian National Bureau, ECOWAS Brown Card Insurance Scheme, Mrs. Henrietta Anyanna has said.Read More
Insurers should be thinking about the transformational steps and technology solutions they can deploy to raise their game for long-term growth, according to two insurance-focused 2014 outlook reports released by the Deloitte Center for Financial Services.Read More
In the past, insurance operators are more focused on how to raise their yearly premium, abandoning the need to create expansion through good services and people tailored products.
Unfortunately, this contributed to the persistence of low financial literacy in the insurance sector and the concomitant low insurance penetration in the country.