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Transfer Window: Over 2,100 change PFAs over poor services

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Transfer Window: Over 2,100 change PFAs over poor services
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By Rosemary Onuoha
Following the launch of the pension transfer window by the National Pension Commission (PenCom) recently, over 2, 100 Retirement Savings Account (RSA) holders have applied to move their pension accounts from their current Pension Fund Administrators (PFAs) to a new one.
Head, ICT, PenCom, Mr. Polycarp Anyanwu, made the disclosure at the virtual 2020 Pension Fund Operators Association of Nigeria (PenOp) media retreat for pension correspondents.
Anyanwu said over 2,100 applications were submitted and received by the Commission between November 16 and 30. ....

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Anchor pays N957m claims in 10 months - Vanguard News

Vanguard News
Anchor pays N957m claims in 10 months
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By Rosemary Onuoha
Anchor Insurance Company Limited has paid out N957 million as claims to deserving policyholders as at the end of October this year.
The company’s Managing Director, Mr. Ebose Augustine, disclosed this while speaking with journalists in Lagos recently.
Augustine stated that meeting customers’ genuine claims’ requests adding that doing so within a specified time limit have been parts of the practices Anchor Insurance was known for. He said: “And we take unrepentant pride in meeting our promise of putting smiles back on the faces of our policyholders whenever the risk insured against crystallizes.” ....

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ARM Holdings boosts healthcare facility in Lagos

ARM Holdings boosts healthcare facility in Lagos
vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.

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African Alliance settles N1.3bn claims in two months

Vanguard News
African Alliance settles N1.3bn claims in two months
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By Rosemary Onuoha
African Alliance Insurance Plc said it has settled claims of N1.3 billion in two months from October till date.
Managing Director/Chief Executive Officer of African Alliance, Mrs. Joyce Ojemudia, disclosed this during a press interaction at the company’s office in Lagos, adding that the only way to make insurance products tangible is for underwriting firms to pay genuine claims promptly.
Giving a breakdown of its claims payment history from October till date, he said the company paid N220.5 million as claims for group life insurance; N1.03 billion for individual life including annuity, N2.3 million for Esusu, and N73.7 million paid as takaful claims. ....

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Don't shun insurance despite inflation, harsh environment— NAICOM

By Rosemary Onuoha
As businesses and individuals adopt cost reduction measures in response to rising inflation and the harsh business environment, the National Insurance Commission, NAICOM, has charged Nigerians to avoid the tendency to shun insurance of their assets.
Commissioner for Insurance, Mr. Sunday Thomas who gave the charge noted that despite the biting inflation in the country, even as people reduce the cost of expenses, this is not the best of time to reduce insurance consumption.
Thomas stated this at a webinar organised by Coronation Insurance Plc in partnership with Access Bank Plc, with the theme: “Managing Business Risks at a Time of Uncertainty.” ....

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