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Category Archives: Insurance

PenCom Set to Generate Additional N3 trillion assets to Micro Pension Scheme

The National Pension Commission (PenCom) has disclosed its resolve to generate additional N3 trillion assets and 20 million contributors from the micro pension scheme, said the Acting Director General of PenCom, Mrs. Aisha Dahir–Umar. She also disclosed that the commission

PTAD Commences Verification of 104,133 Pensioners

The Pension Transitional Arrangement Directorate (PTAD) yesterday in Lagos started a nationwide verification exercise for all pensioners of treasury funded parastatals, agencies and institutions under the Defined Benefit Scheme (DBS). Its Executive Secretary, Mrs Sharon Ikeazor who started the exercise

Old Mutual Launches 2-in-1 Savings Plan

Old Mutual, has launched its 2-in-1 Savings Plan for customers in Nigeria, especially young professionals and families. With a minimum monthly contribution of N5, 000, customers can save up funds for a period of five or 10 years to fund

AXA Mansard, Uber Partner on Safety Workshop for Drivers

AXA Mansard, a member of AXA Group, one of the global leaders in insurance and asset management, collaborated with Uber in conducting a safety workshop for Uber drivers. It was to make rides safer and more secure for driver-partners and

NIA to Sanctions Defaulters on NIID Motor Policy

Sanctions await underwriting companies that fail to upload sold motor policies on the Nigerian Insurance Industry Database (NIID), that would allow policyholders to authenticate their policy, Nigerian Insurer Association (NIA) has warned. The NIID is an information technology-based system that

AXA Mansard Launches new life insurance TVC #StayInThePicture

AXA Mansard has launched a new brand campaign entitled “Stay In The Picture”. This is a through-the-line campaign including a television commercial, online video, massive out-of-home advertising, print advertising and product advertising.

Insurance Claims Rise Faster Than Premium Income

THERE are indications that insurance companies are groaning under the weight of a surging claims portfolio as more risks crystallize, despite efforts to stem the tide. ADVERTISING ADVERTISING The latest financial reports of leading insurers show an escalation of claims

Guinea Insurance Seeks More Time to File FY 2018, Q1 2019 Results

The management of Guinea Insurance Plc has appealed for an extension of time to file its financial statements for 2018 and for the first quarter of 2019. In a notice to the Nigerian Stock Exchange (NSE) this week, the insurer

Why FG May Not Meet N1 Trillion Insurance Premium Target

There are indications that the insurance industry may not meet the N1trillion premium income target set for year 2020, following the refusal by many states to implement Group Life Insurance for their workers. This would force the industry to shift,

Firm reaffirms commitment to youth developmentt

AXA Mansard Insurance Plc, has reiterated its commitment to the promotion of youth sports as well as healthy living and development amongst children.To this end, the underwriter sponsored the Children International School, (CIS), Lagos to the World School Games 2019,