casibom Betgaranti Perabet casibom casibom casibom casibom casibom Casibom https://casibomm-fiko.tumblr.com https://muson.org/ casibom giriş casibom casibom casibom casibom giriş casibom casibom casibom holiganbet Casibom casibom casibom casibom casibom casibom giriş casibom casibom giriş casibom giriş casibom casibom casibom casibom giriş casibom PORNOOOOO ANAMI SİKİN BEN ANAMI SİKTİRİYORUM CASİB ANAMI SİKT,İLER EYVAHHH DOLANDIRICIYIZ BİZ PARA İÇİN ANAMI SATIYORUM LİNK PORNO YETER AM ACIDI PORNOSU casibom casibom casibom casibom casibom casibom giriş casibom Casibom giriş casibom casibom casibom PİSHİNG ANASINI SİKTİRENLER PİSHİNG ANASINI SİKTİRENLER PİSHİNG ANASINI SİKTİRENLER PİSHİNG ANASINI SİKTİRENLER PİSHİNG ANASINI SİKTİRENLER PİSHİNG ANASINI SİKTİRENLER PİSHİNG ANASINI SİKTİRENLER casibom giriş https://www.zawadzky.edu.co/ casibom Casibom796 HD KALİTEDE PORNO FİLM İZLE HD KALİTEDE PORNO FİLM İZLE HD KALİTEDE PORNO FİLM İZLE HD KALİTEDE PORNO FİLM İZLE HD KALİTEDE PORNO FİLM İZLE casibom casibom casibom Meritking Meritking casibom
Recapitalisation: Investor propose 10 years roadmap for insurers - The Revealer
Insurance

Recapitalisation: Investor propose 10 years roadmap for insurers

Faces of those who attended the 3rd Annual National Conference of the National Association of Insurance and Pension Correspondents (NAIPCO) held at Oriental Hotel, Lekki, Lagos on Thursday, August 9, 2018.

An investor has proposed a 10-year recapitalisation roadmap that would enable life insurance companies raise their capital to N20 billion; general operators, N30 billion and composite firms, N50 billion.

The Managing Director Lancelot Ventures Limited, Adebayo Adeleke, who is also a shareholder in many insurance firms, stated this at the 3rd National Conference of the National Association of Insurance and Pension Correspondents (NAIPCO) in Lagos.

He added that 3-tier rcapitalisation roadmap should be clearly thought out and spanned over 10 years.

According to him, the first phase of recapitalisation should be within a period of 18 months and Life Underwriters should raise their capital from N2 billion to N4 billion; General Business Operators, move from N3 billion to N5 billion.

Continuing, he said in the second phase, which should be three years after the first exercise, Life operators should move their capital to N8billion; Non-life, N10 billion and Composite, N18 billion.

He maintained that in the third phase, which should be five years after the second recapitalisation exercise, Life Underwriters should beef-up their capital to N20 billion, General Business underwriters, N30 billion and Composite firms, N50 billion.

He called on the National Insurance Commission (NAICOM) to evolve templates and incentives for mergers and acquisitions to enable strong firms absolve weak ones, as against waiting for firms to be bankrupt, and then take over the management.

In a similar vein, Past President, Chartered Insurance Institute of Nigeria (CIIN), Bala Zakariya’u, has charged regulators in the financial services industry to create the enabling environment for mega companies to be established through mergers and acquisitions, adding that “such mega financial institutions are to be tasked with higher capital and solvency, sophisticated information technology infrastructure, best in class human resources and strong brand presence.”

Zakariya’u further said the mega institutions should also have better all-round capacities and connections, as well as cognate strategies to deepen market penetration and enhance finance inclusion.

While fears may be expressed that creating mega institutions may lead to the emergence of ‘companies which may be too big to fail, which, is every regulator’s nightmare,’ he believes ‘this ought to be a preferred nightmare, than what we currently have by default: companies which are too small to succeed.’

 

Edet Udoh

We are The Revealer, a general online news platform based in Nigeria. Our focus amongst others is to provide credible, factual, well researched and balanced news and articles for our teeming readers in business, governments, politics, engineering, science, religion, technology etc. Edet Udoh is the Managing Editor. He is an experienced media person. He has worked extensively with the Champion Newspapers, The Authority Newspapers and the Blueprint Newspaper before starting Revealer Online News platform in 2018. He can be reached with this email address: edetudoh2003@gmail.com or via these phone numbers 08061246427 and 08170080488

Related Articles

Back to top button