About five life operators in Nigeria’s insurance industry have cut down on their annuity business portfolio as volatility, inflationary pressure, and low returns on investment
NAICOM pushes operators to engage actuary for annuity uptake
NAICOM, has warned that firms operating without in-house actuary would soon be denied the opportunity to underwrite the annuity business in Nigeria.
IFRS 17 to boost insurance sector’s global competitiveness
The insurance sector in Nigeria has the opportunity to compete with the peers around the globe once the much anticipated IFRS 17 is integrated, effective January 1, 2022.
Insurers drive industry well-being with online stores for money market fund
The financial market provides the platform for mobilizing funding for all economic entities – government, businesses, and households.
Recapitalisation spurs underwriters’ pursuit of returns
The ongoing recapitalisation exercise in the insurance sector may be getting the required boost as insurers express commitment to the exercise
Insurers raise investors’ hope with 30% yearly growth
Determined to increase the shareholders’ confidence in the nation’s insurance industry, underwriting companies have been assuring investors of better returns
NAICOM, others seek sector reformation with actuaries
In a quest to upgrade the standard of insurance practice in Nigeria, the National Insurance Commission (NAICOM) has revealed plans to raise 100 actuarial analysts
Operators applaud new insurance sector’s tax regime
The signing of the 2020 Finance Bill into law by President Muhammadu Buhari, has been commended by insurance operators, who said the Act has brought great tax relief to underwriting business in Nigeria.
PenCom decries slow compliance to ECRS
The National Pension Commission (PenCom), has decried the slow compliance to the Enhanced Contributor Registration System (ECRS), a platform positioned to build a credible database of contributors...