Insurance: How Safe Is Local Content Policy?
By WILSON ASEKOMHE Notwithstanding the provisions in the insurance local content policy of the Federal Government, the unethical activities of some insurers and their collusion with foreign underwriters to continue to take local business outside appears threatening to the survival of the policy.
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Insurance Legislations That Have Shaped The Industry
By WILSON ASEKOMHE The insurance industry has evolved over the years to its present level one of the areas which has helped this growth is the various legislations from 1981 till date. The Commissioner for Insurance, Mr. Fola Daniel, at a meeting with the financial services group of the Lagos Chambers of Commerce and Industry (LCCI) analyzed the various legislations.
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New Products Dev: Regency Alliance Sets Up Committee
Determined to increase its stake in the vast insurance market, Regency Alliance Insurance has set up an arrow-head committee on innovative products development.
In a statement by the Group Managing Director, Mr. Biyi Otegbeye, he said the insurance market of today can only be won by creativity.
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Essential Ingredients Of Insurance Market
By WILSON ASEKOMHE The insurance market, like every other, is a place of selling and buying insurance cover. The difference, however is that unlike in the physical market of buying and selling, the insurance market sells various insurance products.
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‘BAICO’ To Pay N34m For Unalloted Shares
By WILSON ASEKOMHE A Federal High Court sitting in Lagos has ordered that money belonging to BAICO Insurance Plc with the National Insurance Commission and the Central Bank of Nigeria be paid to satisfy the judgment sum of N34,650,000 plus interest at the rate of 10 per cent per year from the date of judgment until final liquidation of the judgment sum.
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IBTC Pension Changes To Stanbic IBTC
One of the leading Pension Fund Administrator, IBTC Pension Managers, has perfected its merger with IBTC Chartered Bank by changing its name to Stanbic IBTC.
The change is expected to combine the innovative service-delivery of the pension administrator with brand leadership of Stanbic IBTC.
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