Category: Insurance & Pension

Shoderu urges all stakeholders’ support new NAICOM boss to reposition the sector

By Benjamin A Ameh, Lagos, Ayodapo Shoderu, President of Nigerian Council of Registered Insurance Brokers (NCRIB) decorating Mohammed Kari, Commissioner for Insurance as member of the NCRIB Governing Board in Lagos on Tuesday Ayodapo Shoderu, President of the Nigerian Council of Registered Insurance Brokers (NCRIB) has called for support for the new Commissioner for Insurance,…

Weekly Global Insurance Analysis

This week under review disclosed that Standard & Poor’s published two pre-Monte Carlo Rendezvous reports-one looking at the blurring boundaries between alternative and traditional reinsurance capital, and the other highlighting competition in reinsurance pricing. Allianz Global Corporate & Specialty (AGCS) reviewed windstorm damage trends 10 years on from Hurricane Katrina, and Lloyd’s looked at insurance…

NICON hosts NCRIB members, new Insurance Commissioner in Attendant

Muhammed Kari, Commissioner for Insurance In a bid to extend the frontiers of its operation and break new grounds in its relationship with Insurance Brokers, NICON Insurance Plc is set to host to Nigerian Council of Registered Insurance Brokers (NCRIB) Members’ Evening for the August edition. The hosting of Insurance Brokers under the aegis of…

Africa Commercial insurers are focus on brokers at the more profitable end of the market

Brokers provide critical partner for African commercial insurers From Benjamin A Ameh Lagos With tough market conditions providing so little opportunity for growth, commercial insurers are starting to focus on brokers at the more profitable end of the market, either through niche products, or by working with regional community brokers who typically know their clients…

Cornerstone Insurance Firms Gross Premium Income Surge by 23.25percent in Q2, 2015

Cornerstone Insurance Plc continued its good performance in the second quarter of 2015 with the profit components contribution; including the company’s investment and underwriting results as well as possible net gain from the sale of investment led to the company’s premium income soared. The results showed cornerstone’s gross premium income increased by 23.25 percent to…

Pension Defaulters’ Fines and Outstanding Contributions hits N7Billion says PenCom

National Pension Commission The commission noted the scaled-up compliance and enforcement strategies in order to enhance compliance with the provisions of the Pension Reform Act (PRA) 2014 while citing some violations of the Code of Corporate Governance by the Operators. The National Pension Commission (PenCom) has said it recovered outstanding pension liabilities valued at N540.94…