NAICOM renews consultations over insurance sector recapitalisation
The National Insurance Commission (NAICOM) is set to engage other relevant regulatory bodies and agencies of government for possible palliatives for the operators, particularly the cost of the recapitalisation agenda.
‘Nigeria’s pension penetration below 6%’
With Nigeria’s average pension penetration between 2011 and 2018, standing at less than six per cent, falling behind its global peers, the country must ensure effective implementation of the new Micro-Pension Scheme.
Police retirees, delayed pension payments and matters arising
Police retirees under the Contributory Pension Scheme (CPS) supervised by the National Pension Commission (PenCom) are groaning over the undue delay in the remittance of their accrued...
STI gets approval for extension of rights issue
Sovereign Trust Insurance Plc (STI) has extended its Rights Issue offering, which opened on Monday, June 24, 2019, following the approval from the Securities and Exchange Commission (SEC).
Linkage Assurance nets N573m in half-year report
Linkage Assurance Plc has recorded a 16 per cent growth in Profit After Tax (PAT) for the half-year unaudited financial statement ended June 30, 2019.
Mutual Benefits raises hopes on recapitalisation deadline
Mutual Benefits Assurance Plc has assured its shareholders that it would meet the required capital base before the June 2020 recapitalisation deadline set up by the NAICOM.
Underwriter posts N5 billion earnings, pays three kobo dividend
Prestige Assurance Plc posted a Gross Written Premium (GWP) of N4.792 billion in 2018, its former Acting Chairman, Sir. Muftau Oyegunle, has said. Oyegunle disclosed this at the company’s 49th yearly general meeting in Lagos, stressing that the 26 per cent performance increase was against N3.809 billion recorded in 2017.
PFAs explain gains of ongoing data recapturing
The Pension Fund Administrators (PFAs) have implored pension contributors under the Contributory Pension Scheme (CPS) to embrace the ongoing data recapturing exercise across the country to enable them fully maximize the benefits in the system.
Expert urges insurance professionals to redeem industry's image
The doyen of the insurance industry, Olola Bode Ogunlana, has advised the leadership and members of the Chartered Insurance Institute of Nigeria (CIIN) to regain Nigerians’ confidence in adopting insurance policy and benefitting fully from all it offers.