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    Insurance

    Insurance companies’ assets hit N2.09tn amidst recapitalisation suspension

    The insurance sector’s total assets have risen by N228.24bn in 15 months despite the abrupt suspension of the National Insurance Commission’s segmented recapitalisation exercise,...

    EndSARS: Insurance Companies Unveil Report, Pay ₦9 Billion Claims

    Insurance companies under the aegis of the Nigerian Insurers Association have paid N9bn in claims to customers who suffered losses during the public protests...

    Third Party Motor Insurance: NAICOM to announce new price by Jan. 1 — Insurers Committee

    Lagos, Oct. 8, 2021 (NAN) Insurers Committee on Friday said plans were being concluded to enable the National Insurance Commission (NAICOM) announce a new...

    Nigeria@61: How insurance industry is doing — Insurers

    By Rukayat Adeyemi Lagos, Oct. 1, 2021 As Nigeria turns 61, the Managing Director/Chief Executive Officer (CEO) FBNInsurance Limited, Mr Val Ojumah, says the contribution...

    Analysts advise NAICOM to Draw Roadmap for Insurance Penetration Rather than Statutory Recapitalisation

    By Ebere Nwoji The National Insurance Commission (NAICOM) has been advised to draw a roadmap for deep penetration of insurance across Nigeria and to embrace...

    Despite 5.5% Economic Growth, Financial, insurance contract by 2.48% in Q2

    Despite real output growth rate of 5.01% to N16.69 trillion (or USD111.08 billion) as it recovered faster from last year’s recession. The Financial...

    Nigerian insurers settled N5.4bn #EndSARS claims – NIA

    Nigeria Insurers Association has said that the insurance firms have paid over N5.4bn in claims settlement arising from #EndSARS losses. The Director-General, Yetunde Ilori, said...

    Insurance for farmers is imperative due to climate change – NAIC

    By Stanley Nwanosike Enugu, June 23, 2021 The Nigeria Agricultural Insurance Corporation (NAIC) says insurance for farmers is imperative due to the negative impact...

    NAICOM wants increase in insurance publicity budget

    By Ginika Okoye/Rukayat Adeyemi Lagos, June 5, 2021 The National Insurance Commission (NAICOM) has urged insurance operators to increase their budgets on insurance...

    Poor governance structure bane of insurance coy- NAICOM

    By Ginika Okoye/Rukayat Adeyemi Lagos, June 5, 2021 The National Insurance Commission (NAICOM) says poor governance structure was a major factor for the failure of...

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