Insurance firms eye N4.98bn profit in 2025
Three leading Nigerian insurance firms Cornerstone Insurance, AIICO Insurance, and International Energy Insurance have collectively projected a profit before tax…
Category: insurance
NAICOM ICRC Set Agenda for Insurance of Public-Private Assets
The National Insurance Commission (NAICOM) and the Infrastructure Concession Regulatory Commission (ICRC) have agreed to collaborate to ensure proper insurance…
African Alliance Insurance pays N780m in claims to annuitants
African Alliance Insurance has commenced the payment of N780 million in claims and annuities as part of its efforts to…
Public Private Partnership (PPP) Assets To Get Insurance Cover As From Next Year
The Infrastructure Concession Regulatory Commission (ICRC), in collaboration with the National Insurance Commission (NAICOM), will introduce new guidelines in 2025…
Finance and insurance sector grow economy by 30.83% on CBN rate hike
The finance and insurance sector recorded a 30.83% growth in real GDP in Q3 2024, driven by the Central Bank…
Coronation Insurance declares N2.2bn profit
Coronation Insurance Group has reported a profit before tax of N2.2 billion for the financial year ending December 31, 2023,…
African Alliance Insurance pays N780m to annuitants
African Alliance Insurance Plc has disbursed N780 million to annuitants under its new interim management. The payout follows the recent…
Coronation Insurance reports N2.2bn profit highlights digital transformation
Coronation Insurance Plc has announced a profit before tax of N2.2 billion for the financial year ending 2023, a remarkable…
Nigeria’s insurance market’s premium hits N813.1b
Nigeria’s insurance industry achieved a significant milestone with Gross Premium Written (GPW) reaching N813.1 billion in Q2 2024, marking a…
Heirs Insurance Group calls for AI innovation to drive insurance growth in Africa
At the West African Insurance Companies Association Conference in Accra, Niyi Onifade, Sector Head of Heirs Insurance Group, underscored the…
Heirs Insurance Chief Urges AI Adoption to Transform West Africa’s Insurance Industry
Niyi Onifade, Head of Heirs Insurance Group, emphasized the transformative potential of Artificial Intelligence (AI) in revolutionizing the insurance sector…
NAICOM Promotes Takaful to Enhance Financial Resilience
The National Insurance Commission (NAICOM) has highlighted the importance of Takaful, an Islamic insurance system rooted in shared responsibility and…
Noor Takaful Unveils Health Insurance and Digital Solution
Noor Takaful Insurance Limited has launched NOOR Health, a Health Maintenance Organization (HMO) designed to provide affordable, high-quality healthcare aligned…
EFCC, NAICOM partner to boost insurance sector
The Economic and Financial Crimes Commission (EFCC), led by Chairman Mr. Ola Olukoyede, has pledged to enhance its efforts in…
Elumelu urges increased female leadership in insurance sector
Dr. Awele Elumelu, Chairperson of Heirs Insurance Brokers and Avon HMO, has joined the growing movement calling for gender parity…
Guinea Insurance Achieves Strong Growth in Revenue and Profit Through Strategic Expansion
Guinea Insurance Plc reported significant financial growth for 2023, with revenue rising by 49.4% to N2.077 billion from N1.390 billion…
PenCom Targets Self-Employed Professionals with Enhanced Micro Pension Scheme
The National Pension Commission (PenCom) has announced plans to expand and promote its micro pension initiative among self-employed professionals, including…
African Alliance to court nullify NAICOM’s dissolution of our board
African Alliance Insurance Plc has taken legal action against the National Insurance Commission (NAICOM) at the Federal High Court in…
NAICOM hosts ibsurers committee
The 16th Insurers Committee meeting, the first under the new Commissioner for Insurance, Mr. Segun Omosehin, was recently held with…
Minority shareholders laud NAICOM’s takeover of African Alliance Insurance
The National Insurance Commission (NAICOM) has dismissed the board and management of African Alliance Insurance Plc, appointing an interim board…
NAICOM Sacks Board Management Of African Alliance
The National Insurance Commission (NAICOM) has dismissed the Board and Management of African Alliance Insurance Plc due to persistent insolvency…
Business Journal summit to highlight insurance’s role in economic growth
The Business Journal Annual Lecture 2024 is set to highlight the critical role of the insurance industry in catalyzing sustainable…
African Alliance Vows to Prioritize Stakeholder Satisfaction
African Alliance Insurance reaffirms its dedication to surpassing the expectations of its stakeholders, particularly during these challenging times. The company…
Ava Global Asset Reveals 20bn Insurance, Enhances Infrastructure
Ava Global Asset Managers Limited has disclosed the issuance of N20 billion under its N200 billion Infrastructure Fund (IF) program,…
Elon Musk’s SpaceX Fined $3,600 by U.S.
Elon Musk’s SpaceX was fined $3,600 by U.S. worker safety officials this month following an accident at its site in…
NIMC Expands Enrolment Systems to Boost NIN Registration
The National Identity Management Commission (NIMC) has authorized the deployment of additional enrolment systems to bolster National Identification Number (NIN)…
Unraveling the Unexpected Decline in Nigeria’s Insurance Industry.
The Nigerian insurance industry recently experienced an unexpected setback, witnessing a negative growth of eight percent in the second quarter…
Due to the liquidity shortage, the insurance business has shrunk by 7%, according to NBS.
The National Bureau of Statistics’ most recent data show that the insurance sector’s growth decreased by 7.25 percent in the…
AXA Mansard Increases GWP by 13% and Adopts IFRS-17.
AXA Mansard Insurance Plc, a member of the AXA Group and a global insurance and asset management organization, reported a…
KBL Insurance has been awarded ISO 9001: 2015 certification.
KBL Insurance Limited, a supplier of general insurance products, announced that it has achieved ISO 9001:2015 certification. According to the…