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Don’t shun insurance despite inflation, harsh business environment— NAICOM

Local insurers losing out on big ticket transactions, NAICOM laments

By Rosemary Iwunze The National Insurance Commission, NAICOM, has lamented the declining participation of local insurers in big ticket businesses such as aviation, annuity as well as oil and gas risks underwriting. Expressing this concern while speaking in Lagos at a directors’ conference, Commissioner for Insurance and Chief Executive of NAICOM, Mr Sunday Thomas, noted
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Pension Funds: Pensioners beg State Govts to implement increment

Retired university workers, families suffering, NASU, SSANU raise alarm

Non-Academic Staff Union of Universities and Allied Institutions, NASU, and the Senior Staff Association of Nigerian Universities, SSANU counterpart, have raised the alarm over the untold hardship retired members and their families are passing through. NASU and SSANU lamented that their retired members of the unions have not been paid their entitlements including death benefits
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SUNU Assurance private placement records 100% subscription

Rate cutting undermining patronage for mobile insurance — Operators

By Rosemary Iwunze The expected increase in the sale of third party motor insurance through the Unstructured Supplementary Service Data, USSD, channel, otherwise known as mobile insurance, is being undermined by the reoccurring menace of rate cutting. This, according to insurance practitioners, is due to the fact that some insurance companies still sell third party
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SUNU Assurance private placement records 100% subscription

Pandemic outbreaks, Cyber threats top risks to insurers in 2021― Report

By Rosemary Iwunze The Nigerian insurance industry will likely face increased risks associated with the COVID-19 pandemic and cyber threats in 2021. This is one of the highlights of the annual survey on global business risks from Allianz Global Corporate & Specialty (AGCS) tagged, “Allianz Risk Barometer 2021”. Among other things the survey cited pandemic
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SUNU Assurance private placement records 100% subscription

Insurance in 2021: Optimism hinged on economic recovery, stronger enforcement

By Rosemary Iwunze Insurance operators have expressed optimism of improved turnover in 2021, citing revival of economic activities as the nation recovers from economic recession, stronger enforcement of compulsory insurance policies, as well as improved information technology system to help boost turnover within the year. The operators are also gearing up to create products that
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Pension Funds: Pensioners beg State Govts to implement increment

Sigma Pensions counsels youths on importance of retirement savings

  By Rosemary Iwunze Sigma Pensions Limited has charged youths to start setting their retirement goals early and vigilantly save towards it. The Head of Risk Management, Sigma Pensions, Ms Paula Benedict, made the call at a collaborative webinar organised by Sigma Pensions and Junior Achievement Nigeria (JAN), with over 100 youths in attendance. The webinar
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