Barely three weeks to the December 31 deadline given to insurance companies to reach 50 per cent of the new capital threshold, 23 companies are yet to kick-start the process of meeting the benchmark.

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.

The Mutual Benefits Assurance Plc has renewed commitment to promoting corporate social responsibility and developing insurance in the country. The Chairman of the company, Dr. Akin Ogunbiyi, said this at the second edition of the Mutual Benefits National Badminton Championship in Lagos. He said: “The Mutual Benefits National Badminton Championship is a platform through which the company…

The sudden change in the transition timetable of the Tier-Based Minimum Solvency Capital (TBMSC) regime to October 1, 2018, by the National Insurance Commission (NAICOM) has unsettled insurance sector players, as they lament the lack of consultations before the decision. NAICOM had earlier put the deadline for the implementation of this exercise at January 1,…

Two chieftains of the Peoples Democratic Party (PDP) have reacted to the recent gubernatorial poll and primary election for the position in Ekiti and Osun states. The two prominent stakeholders are Senator Buruji Kashamu and Dr. Akin Ogunbiyi who contested the PDP gubernatorial primary in Osun State. Senator Ademola Adeleke was declared the winner of…

The Chairman, Mutual Benefits Assurance Plc, Dr. Akin Ogunbiyi, has said the firm will ensure it gives more value to its stakeholders in the 2018 financial period. He disclosed this during the 22nd yearly thanksgiving service of the company held in Lagos. “The kind of creativity and innovativeness that we have put into our business…

Operators in the insurance industry have called on government at all levels and the private sector to support the industry to play its role in carrying enormous risk in the economy.