Archives for June, 2021 - Page 7
PENCOM Unveils New Online Enrolment Application, Set To Train Desk Officers
By Ngozi Onyeakusi--- In a bid to ensure easy, smooth and hitch free enrolment, verification and computation of benefits by retirees, the National Pension Commission (PENCOM) has unveiled an…
Stanbic IBTC Emerges Best Sub-Custodian Bank for 10th Year
Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has emerged as the Best Sub-Custodian Bank in Nigeria at the 2021 edition of the Global Finance Best Sub-Custodian…
TONY ELUMELU FOUNDATION TRAINS OVER 200,000 ENTREPRENEURS ACROSS 54 AFRICAN COUNTRIES
Entrepreneurs have completed the business management training globally likened to an MBA The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy empowering young African entrepreneurs from all 54 African countries, has…
INEC creates additional 56,872 polling units, fixes time for Ekiti, Osun governorship polls
The Independent National Electoral Commission (INEC) on Wednesday announced the creation of additional 56,872 polling units across the country, bringing the total number from 119,974 to 176,846. The…
Global macroeconomic resilience cut by 18% by COVID-19: Swiss Re
By Charlie Wood ---- COVID-19’s emergence in 2020 caused macroeconomic resilience to fall by 18%, according to a Swiss Re Institute report. While global economic growth is expected to recover…
Global insurance protection gap hit $1.4 trillion high in 2020: Swiss Re
By STEVE EVANS --- The global insurance protection gap, or the gap between economic losses and those that are insured, widened in 2020 as pandemic related effects drove global macroeconomic…
High-reliance on reinsurance putting Irish consumers at risk, claims report
By Katie Baker -----Over the course of 2019 general insurers in Ireland shifted € billion in risks associated to liability premiums to international reinsurers, close to three-quarters of all business…
Colombian protests could trigger higher LatAm reinsurance rates: Fitch
By Matt Sheehan ---- Analysts at Fitch Ratings have warned that Colombian insurers may face an impact to their loss ratios and overall financial performance due to social protests over…
Tragedy As Final Year Ogun Poly Student Slumps, dies In Bathroom
By Ngozi Onyeakusi--- A final year student of Moshood Abiola Polytechnic, Abeokuta, identified as Omotoke Suliyat reportedly slumped and died while taking her bath in the bathroom. The deceased who…
Analysts predict another difficult year for insurers amid elevated cat claims
Luke Gallin --- Year-to-date, catastrophe claims look to be running 17% above the long-term average (2008-2020), leading analysts at Jefferies to forecast another difficult year for the global insurance industry.…