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
There is need for state governments to implement the Contributory Pension Scheme, CPS, in their various states to enable the workers have a good retirement life.Read More
Managing Director of LASACO Assurance Plc, Mr. Olusola Ladipo-Ajayi, has suggested the prosecution of employers who failed to provide group life insurance cover for their employees.Read More
Seventeen insurance companies are to face sanctions by the insurance industry regulator, the National Insurance Commission (NAICOM) for failure to meet the June 30 deadline for submission of their 2014 accounts.Read More
The Nigerian Council of Registered Insurance Brokers, NCRIB, has charged government at all levels to find lasting solution to incidents of avoidable accidents on major roads in the country.Read More
The Nigerian Insurers Association, NIA has appealed to motorists to make sure they buy genuine insurance certificates from insurance companies, brokers or accredited agents.Read More
Insurance is a business that is done with a large number of people. One of the things we have been accused of in Nigeria is not reaching large number of Nigerians. You grow penetration by selling insurance products to a larger number of people. Nigeria has a population of over 175 million people and where local insurers look at it that the Nigerian market is tough, foreign investors see opportunity in Nigeria because they look at the large population.Read More
International Energy Insurance (IEI) plc says it is poised for repositioning to enable the company play leading role in the insurance industry, having all the potentials to do so. IEI, the Company says has some of the most competent hands in energy and general business underwriting, and an innovative business drive, which it believes are core competences it requires to deliver value to policy holders and other stakeholders.Read More
Leadway Assurance Limited has received the “Above Basic Compliance” for its corporate leadership, sustainability programmes and corporate social responsibility, CSR efforts at the maiden Corporate Affairs Commission, CAC Corporate Citizens Awards in Abuja. The “Above Basic Compliance” category winners are the Leadway Assurance Limited and Nigerian Breweries Plc while the “Basic Compliance” award was won by the Yobe Investment & Securities Limited.Read More
“Though belated, insurance companies now have paid-up capital in excess of N5 billion, turn over in excess of N25 billion and asset base of over N50 billion. By continuous constructive engagements, insurer inescapable position shall be surely appreciated,” he said. Ogunbiyi added that insurers’ advertisement through bill boards, radio jingles and television programmes will accelerate insurance acceptance, deepen pension practice and the spread of insurance benefits to all.Read More
“Market relevance is clearly a goal with the majority of reinsurance firms eager to move beyond being seen as commoditised capacity providers.” These “value-added” approaches represent the traditional reinsurance market’s basic response to alternative capital, the analysts explain.Read More