Nigeria’s Pension Transitional and Arrangement Directorate (PTAD) is weighing up the possibility of taking legal action against some nine insurance companies still owing the Directorate about N3billion legacy funds, as was revealed by investigations. PTAD had earlier set a December 2017 deadline for defaulting insurers to pay their respective legacy Fund to the agency, which… Continue reading 9 Insurance Companies Face Legal Battle Over N3b Legacy Funds
Nigerian Insurance firms with inadequate shareholders’ funds have commenced moves to raise additional capital in preparation for the next phase of implementation of the Risk Based Supervision (RBS) by the National Insurance Commission, NAICOM. NAICOM plans to move to the next phase of implementation of the RBS which is determining the capital requirements for underwriting… Continue reading Nigerian Insurers seek additional capital in preparation for Risk Based Supervision (RBS)
THE KPMG INSURANCE CONFERENCE 2017. AIGBOJE AIG-IMOUKHUEDE’S VIEWS WERE NOT ENTIRELY CORRECT. The KPMG insurance conference 2017 held recently in Lagos recently and one of the presenters; Mr. Aigboje Aig-Imoukhuede was represented by Mr. Oyebode Oyeniyi. Mr. Imoukhuede is an accomplished professional and his positive footprints in the financial sector are in the public domain.… Continue reading THE KPMG INSURANCE CONFERENCE 2017.