Thursday, April 25, 2019
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NEM Insurance boosts operation as AFIG Funds acquires 29.9% stake

…We’re passionate about adding value – Tope Smart

KELVIN EGERUE

NEM Insurance Plc’s imposing head office located at 199 Ikorodu Road; Obanikoro Lagos is as attractive as the message which the company set out to convey. The message is that NEM Insurance Plc is the preferred choice of the insuring public. The message is indeed in consonance with the mission of the founding fathers of the company which is to build a customer-satisfying insurance institution that is passionate about adding value to the interests of all its stakeholders with particular emphasis on the insuring public.

Court restrains NAICOM from halting Guinea Insurance’s new business intake

Shareholders in the nation’s insurance industry have continued to kick against the recent introduction of Tier-Based Minimum Solvency Capital (TBMSC) by the authorities of the National Insurance Commission (NAICOM) saying that the regulatory body lacks the statutory powers to amend the insurance Act.

NUBIFIE explains opposition to NAICOM’s categorisation of insurance firms

UFOMBA UZUEGBU

Bank workers under the aegis of National Union of Banks, Insurance and Financial Institutions Employees, NUBIFIE, have cited imminent collapse of the nation’s insurance industry as reason for their opposition to the new policy by the National Insurance Commission, NAICOM, categorizing insurance firms into tiers 1, 2 and 3.

Sovereign Trust Insurance’s N10bn capital projection anchors it on tier-1 category

Sovereign Trust Insurance Plc has confirmed its resolve to play in the elite clued of insurance market in Nigeria following its declaration last week to push its capital base to the N10 billion threshold.

PenCom’s micropension scheme gets Jan. 2019 flag off date

Authorities at the National Pensions Commission (PenCom) are set to revolutionalise the nation’s pension landscape with the planned of micropension into the ongoing contributory pension scheme. The micropension which is to start January 2019 is targetted at the informal sector and is expected to function as a saving scheme for the low income earners.

Insurance firms settle N143bn claims in 9 months

…Enough of playing catch-up game -Kari

Insurance industry regulatory body, the National Insurance Commission has vowed to push on with its restructuring of the nation’s insurance landscape insisting that the industry needs a lifeline for it to impact positively on the economy of the nation.

PenCom mops up N14.76bn outstanding contributions, fines

The acting Director General of the National Pension Commission (PenCom), Mrs Aisha Dahiru-Umar, said that the recovery agent appointed by the commission has recovered N14.76 billion outstanding pension contributions and penalties.

How much is your pet’s life worth?

You really love Spotty. She’s a one-in-a-million canine and for the past five years she has brought nothing but joy to your life. Then, she had a squabble with the next-door neighbour’s Doberman. You rushed her to the vet and got her stitched up. Thankfully everything went well and Spotty pulled through. And then you got the bill…

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