The Nigerian insurance industry must strengthen its financial capacity, embrace technology, improve claims settlement and rebuild public confidence to play a stronger role in...
African Alliance Plc has paid more in claims to policyholders than premium it generates, which severely degraded its expense ratio as well as eroding...
Insurance shareholders have called for increased penetration, improved dividends, stronger corporate governance cand enhanced regulatory supervision following the sector’s recapitalisation.
The shareholder associations made the...
Most listed Nigerian insurers are not efficient at turning shareholders’ investment into profit, which underscores the lack of underwriting discipline just as rising claims...
The National Insurance Commission (NAICOM) has reaffirmed the its commitment to unlock the potential of Takaful for expanding insurance penetration.
Mr Olusegun Omosehin, the Commissioner...
Nigerian Exchange Limited (NGX) has suspended trading in the shares of Universal Insurance Plc, effective Thursday, August 20, 2026.
The regulatory action directly follows...
Heirs Life Assurance, the specialist life insurance company of Heirs Insurance Group, has appointed Pastor Jerry Eze as an Independent Non-Executive Director on its...
The Nigerian Insurers Association (NIA) has outlined a comprehensive strategy aimed at increasing insurance penetration in Nigeria.
The Chairman of NIA, Mrs Ebelechukwu Nwachukwu, said...
Leadway Assurance Ltd. says its post-recapitalisation strategy will focus on digital growth, expanded underwriting capacity and stronger commitment to policyholders.
The company disclosed this in...
The Nigerian Insurers Association (NIA) has commended the National Insurance Commission (NAICOM) for its fair, transparent and structured implementation of the industry’s recapitalisation exercise.
The...
