The Federal High Court in Lagos has held that the National Insurance Commission (NAICOM) cannot increase the statutory minimum solvency capital policy for Insurance companies without the National Assembly amending the Insurance Act and Regulation 2003. Justice Chukwujeku Aneke made…
Gombe State, Gov. Inuwa Yahaya has constituted an 11-member committee to work out modalities for a workable reform of the State Pension Administration System. This is contained in a statement signed by Joshua Danmalam, Information Officer SSGs office, and made available…
Allianz Nigeria Insurance during the week said it had the right quality of expertise, experience, technology and manpower to make a difference in Nigeria and Africa. The Managing Director of the firm, Mrs Adeolu Adewumi-Zer, said this in an interview…
The Nigeria Social Insurance Trust Fund (NSITF) says it has successfully paid a total of over N306. 555 million as claims and compensation to registered employers, employees and their dependents in the last four months. The NSITF Managing Director, Dr.…
Ten top insurance firms in Nigeria are targeting to achieve N250.479 billion gross written premium (GWP) for the third quarter ending September 2022. The companies which are among the largest insurance firms quoted on the Nigerian Exchange Limited (NGX) include…
2,084 retirees cannot be placed on monthly pension payments and have left the Contributory Pension Scheme in the first quarter of 2022 according to the National Pension Commission. This was disclosed in the Commission’s first quarterly report on ‘Enbloc Payment…
Stanbic IBTC Pension Managers, Chief Executive, Olumide Oyetan has pledged commitment to enhance organisation welfare at the 2022 edition of the Stanbic IBTC Pension Managers Employers Forum. The virtual event which was themed ‘Pension Smart: Equipping your Employees for a Better Future’…
An Aviation Insurance expert, Mr Babajide Agbeja, has been elected the new President of the African Insurances Brokers Association (AIBA). Mr Ikechi Uko, the Publisher of Atqnews, in a statement on Monday, described Agbeja as a thoroughbred insurance guru of…
The National Insurance Commission (NAICOM) has announced the cancellation of the Certificates of Registration of Niger Insurance Plc and Standard Alliance Insurance Plc. The action by the apex insurance regulator might not be unconnected with the financial and liquidity crisis…
In the wake of the COVID-19 health pandemic that resulted in industry-wide contractions on achieved returns in 2021, Nigeria’s foremost Pension Fund Administrator, Leadway Pensure PFA, projects to maintain an average of double digits increase on its Fund’s returns in…
