Category: Insurance & Pension

FBNINSURANCE PROVIDES N14.5M GROUP COVER TO JOURNALISTS

(L-R) : Festus Izevbizua – CFO, FBN Insurance, Val Ojumah- MD/CEO, FBN Insurance,  Omobola Tolu-Kusimo- President NAIPCO,  Ngozi Onyeakusi – Financial Secretary, NAIPCO, Emeka Dibia- CHRO FBN Insurance at the formal presentation of Group Family Life Shield Certificate to NAIPCO recently. As part of its Corporate Responsibility and Sustainability (CR&S) drive, fast growing financial services…

PENCOM ADOPTS MICRO PENSION PLAN TO GROW CPS

Advertisement The management of Nigerian Pension Commission through the Pension Reform Act (PRA) 2014 has expanded coverage of the contributory pension scheme (CPS) to the self-employed and persons working in organizations with less than 3 employees. According to the Commission, this category of workers constitute the larger percentage of the working population in the country,…

Standard Alliance settles N2.1 billions claims in 2016

Standard Alliance Insurance Group said it settled claims worth N2.1 billions during the 2016 financial yearnoted that the insurer’s balance sheet assets stood at N11.79 billion, with approximately N4.65 billion of these being financed by shareholders’ equity funds. The Chairman, Standard Alliance Insurance Group, Johnson Chukwu Advertisement Disclosing this at the company’s 20th Annual General Meeting…

Controversy Trails Raiding of PenCom by SSS

The Director General of the Commission, Mrs. Chinelo Anohu-Amazu Advertisement There is controversy over the alleged raiding of the National Pension Commission (PenCom) corporate headquarters in Abuja late Friday by the State Security Services (SSS), with senior management staff of the commission, who spoke with THISDAY in confidence, describing the raid as uncalled for. The…

Can Technology and Connectivity disrupt Insurance?

L-R. President, Association of Telecommunications Companies of Nigeria (ATCON), Olusola Teniola; Managing Director, VDT Communication, Biodun Omoniyi and Director of Strategy, Airtel Nigeria, Tenu Awoonor at the Pinet eInsurance Conference in Lagos. On my way to the Pinet eInsurance conference hosted in Lagos last week, I asked myself a question. What does insurance have to…

8 Insurance Policies that may improves penetrations  

All insurance works pretty much the same way: You pay a premium (a set amount of money) to the insurance company, usually on some sort of schedule (monthly or yearly, for instance). In return, the company issues an insurance policy to you, which is a contract that gives you certain coverage, or financial protection. When…