Last edited by Arajin
Tuesday, October 13, 2020 | History

2 edition of Insurance and pension practice in Nigeria found in the catalog.

Insurance and pension practice in Nigeria

Ajibola O. Ogunshola

Insurance and pension practice in Nigeria

reflections of a Nigerian actuary

by Ajibola O. Ogunshola

  • 373 Want to read
  • 5 Currently reading

Published by Board Publications in Ibadan, Nigeria .
Written in English

    Places:
  • Nigeria.
    • Subjects:
    • Insurance -- Nigeria.,
    • Pensions -- Nigeria.,
    • Social security -- Nigeria.

    • Edition Notes

      Includes bibliographical references.

      Statementby Ajibola O. Ogunshola.
      Classifications
      LC ClassificationsHG8727.6 .O48 1984
      The Physical Object
      Pagination287 p. ;
      Number of Pages287
      ID Numbers
      Open LibraryOL2468486M
      LC Control Number87178961

      Studys on Risk and Insurance-Issue and Practice, 3 5 Insurance and Private Pensions Compendiu performance on economic growth in Nigeria. Insurance penetration is measured through five. Insurance business is an important business that exists to keep other business alive. The issues pertaining to insurance business in Nigeria has been a concern for many writers. Insurance business is one of the businesses that have a profound impact on virtually all aspects of life and living. The insurance industry is a.

      Nigeria is about 72% away from the best performance observed under the Paying Taxes sub-index. The conclusion from these two benchmarks is that Nigeria needs to embark on a significant tax reform to improve its ranking. There are two main areas, based on the WBG report, which Nigeria needs to address: reduction in the number. Apt Pension Fund Managers is an Abuja based pension fund adminstration service centre in Nigeria for pension managerial services. 3 ARM Pension Managers. 5, Mekunwen Road Off Oyinkan Abayomi Drive, Ikoyi, Lagos. 01 , 01 01 More info. Write a Review.

      Insurance in Nigeria: How it started. As a way of managing the practice of both the new and old insurance companies, the Federal Government had to standardize the insurance industry and this led to the establishment of the National Insurance Commission in Aiico Insurance was established in as an insurance, pensions management. The National Pension Commission (PenCom) is an Agency of the Federal Government of Nigeria established by the PRA to regulate and supervise all pension matters in Nigeria. In executing its mandate, it licenses and regulates all pension operators and ensures an effective administration of pension for the benefit.


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Insurance and pension practice in Nigeria by Ajibola O. Ogunshola Download PDF EPUB FB2

Insurance law and practice in Nigeria Unknown Binding – January 1, by J. O Irukwu (Author) › Visit Amazon's J. O Irukwu Page. Find all the books, read about the author, and more. See search results for this author.

Are you an author. Learn about Author Central. O Author: J. O Irukwu. The book is in seven chapters which practically mirror the structure of the PRA. Chapter one, titled: The Pension Reform Act, is historical in nature.

It examines the objectives of the PRA and reviews all the laws on Pension Practice in Nigeria before the Pension Reform Act, The Nigerian Pension Industry Introduction Nigeria’s pension legal framework has undergone multiple changes since the first legislative act on pension in called the Pension Ordinance, which had retroactive effect from 01 January The last major change was in with the enactment of the Pensions Reform Act (PRA ).

Nigeria’s insurance industry has not shared in the growth experienced by other Nigerian financial services, notably banks, pension funds and mutual funds. In fact, it has hardly grown in real terms over 10 years. This is according to a report from one of the leading research houses in Nigeria – Coronation Research (a part of Coronation Merchant Bank).Author: Coronation Merchant Bank.

GUIDELINES FOR LIFE INSURANCE POLICY FOR EMPLOYEES. April 6, ; Section 9 (3) of the Pension Reform Act (The Act) requires every employer, to which the Act applies, to maintain Life Insurance Policy in favour of the employee for a minimum of.

The downturn in Nigeria’s fortunes which had its roots at declining global crude oil prices since has triggered changes in the consumption pattern of insurance products in recent times. While contributions from the non-life business segment have been on a decline (particularly in the oil & gas line), the Industry has seen increased.

READ ALSO: Problems of contributory pension scheme in Nigeria. Once you retire or reach the age of 50, you can decide how the money is paid to you. You have a few options to choose from. You can: withdraw money on a monthly/quarterly basis; get paid monthly/quarterly by the National Insurance Commission if you purchase life annuity.

The Pension Reform Act has made defaulting employers liable for claims arising from the death of their employees should they fail to arrange the compulsory group life insurance cover for.

4 Insurance Industry Survey – Nigeria Overview of the Insurance Industry Africa is progressively gearing itself towards a brighter future and a growing insurance industry aids in the development and growth of the economy.

It encourages savings and investment, job creation and growth in capital markets and financial assets. Africa. For instance, the House of Representatives recently began an investigation of 1, companies and parastatals on the non-remittance of the Nigeria Social Insurance Trust Fund levy from to date.

This article, therefore, looks at the payroll, tax and social security contributions in Nigeria. I am most delighted to welcome you all to this historic occasion of the launching of my book, “Insurance in Practice-All you need to know about insurance in Nigeria” which the Almighty God graciously gave me the privilege to write.

To God be all the glory. The Chartered Insurance Institute of Nigeria (CIIN) is the premier professional body in Nigeria. It caters for the membership and professional needs of Insurance practitioners by providing them with the platform for continuous development.

Established by Act of Parliament No. 22 of Members' Portal Help Desk Line. Call Us - (+) Print book: English: [2d edView all editions and formats: Rating: (not yet rated) 0 with reviews - Be the first. Subjects: Insurance law -- Nigeria.

Insurance law. Nigeria. More like this: Similar Items. The NIA was established in as an umbrella organization for all insurance companies in Nigeria. It has since then, offered its members a forum to speak to one another and for all of them to speak with one voice to the Government, its agencies and other parties on matters affecting insurance business.

Insurance Information Institute William Street New York, NY Tel. Fax. President – Robert P. Hartwig, Ph.D., CPCU – [email protected] Executive Vice President – Cary Schneider – [email protected] Senior Vice President – Public Affairs – Jeanne Salvatore – [email protected] Senior Vice President and Chief Economist – Steven N.

Weisbart, Ph.D Missing: Nigeria. Insurance companies began to use that retirement age in planning retirement and annuity programmes. Though the retirement age vary in countries and organizations, Nigeria operates one of the most generous pension schemes in the world. After ten years of service, an employee qualifies for pension.

The New Contributory Pension Scheme in Nigeria: Gleaning From Past Pension Schemes Ettah B. Essien, Ph. D., Michael S. Akuma Department Of Economics Unviersity Of Uyo P.M.B.

Uyo Nigeria. Abstract: The paper sought to compare the new pension scheme with the past pension schemes, with respect to. The former President Chartered Insurance Institute of Nigeria (CIIN) Fatai Lawal has emerged the Inspenonline Insurance Man of the year. Fatai who is the the Managing Director Sterling Assurance Nigeria Limited was named today, at the Nigerian Insurance and Pension Award organised by Inspenonline.

Insurance Act regulates the conduct of insurance business in Nigeria and recognizes NAICOM as the body responsible for the regulatory role.

The NAICOM Act established National Insurance Commission and saddles it with the responsibility of effective administration, supervision, regulation and control of insurance business in Nigeria.

Over the years the management of pension scheme in Nigeria has been inundated by multiple and diverse problems arising from which retirement became dreaded by workers especially in.

A review of how Nigeria's top Pension funds performed. As contained in the said schedule, % of pension fund assets is invested in Federal Government of Nigeria (FGN) securities, notably % is invested in FGN Bonds while % is invested in treasury bills.

% of the assets is also in other forms of debt instruments like State government bonds, Corporate debt securities as well .Kodilinye, G. An Introduction to the Law of Equity in Nigeria Ibadan: Spectrum Books Limited. Legal Practice Skills and Ethics in Nigeria: Essays in honour of Chief Babatunde Ibironke edited by Kevin Nwosu Lagos: Dcon Consulting, Nigerian Press Law, edited by T.O.

Elias, London & Lagos: Evans Brothers & University of Lagos, Nwabueze.Nigeria Mortgage Refinancing Company’s $ million bond Provides for a portion of the pension funds in an RSA to be utilized as equity contribution for payment of residential mortgage for primary home o Corporate governance in companies where pension funds have been invested o Rating Agencies Impact of the CPS on the Nigerian Economy