The 2020 Consolidated Insurance Bill is expected to address some of the gaps in the 2003 Insurance Act and reposition the industry to enable it attains its full potentials.
The Nigerian Insurers Association (NIA) has recommended introduction of Risk Based Capital in the Consolidated Insurance Bill, describing it as the right capital model for the Insurance industry in order to align the sector with international best practices and reposition it for accelerated growth a
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Modestus Anaesoronye
Modestus Anaesoronye is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pension sectors across Nigeria and West Africa. He has held key editorial positions at major national media outlets, including The Comet, The Nation, and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Ltd.
A widely travelled reporter, he has covered industry developments in more than 14 countries across Africa and Asia.
Anaesoronye is a multiple award-winning journalist, honoured several times as Insurance Journalist of the Year and Pension Journalist of the Year by recognised industry bodies, including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp), among others.
