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NAICOM Tasks Insurers On N463.1bn Annuity Business

NAICOM Tasks Insurers On N463.1bn Annuity Business       The National Insurance Commission (NAICOM) has expressed worry over the declining participation of life companies in retiree life annuity (RLA) business, which is considered a huge opportunity for the industry. RLA is a pension benefit administered by life insurance...

Life Annuity Funds Rise To N463.1bn – NAICOM

Life Annuity Funds Rise To N463.1bn - NAICOM       Life annuity funds managed by life insurance companies rose to N463.1bn as of the end of the second quarter of 2020. This was disclosed in a report entitled ‘Retiree life annuity: An overview of Q2, 2020’ by the...