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Universal Insurance’s Net Income Improves on Growth in Oil and Gas Revenue

Universal Insurance Plc has remained resilient, overcoming unfavorable underwriting conditions as the insurer recorded profit growth, thanks to an improvement in revenue from oil...

IEI’s Huge Expense Ratio Calls for Cost Reduction Measures

International Energy Insurance (IEI) Plc is spending its way into the future as the technical insolvent insurer expends more money on operating expenses than...

These Are the Top 10 Nigerian Insurers by Gross Premiums (Sep 2022)

AIICO Insurance Plc has maintained its position as Nigeria's biggest insurer when ranked by third quarter or nine months 2022 Gross Written Premium (GWP),...

Insurers’ Underwriting Profit Dips on Higher Yields  

The underwriting profit of insurers who are reeling from claims inflation have slumped, no thanks to a rise in fixed income yields that resulted...

NAICOM Increases Third-party Vehicle Insurance From N5,000 To N15,000

The National Insurance Commission (NAICOM) has raised Third-Party insurance coverage for motorists from N5,000 to N15,000 yearly with effect from January 2023. The approval is...

Insurance Stocks are Worst Performers on Nigerian Bourse in 2022

While the year 2022 was a favourable year for financial markets, investors in consumer goods and Insurance stocks have come up short as they...

Life Insurers Post N95bn Revenues in Q3 

The enforcement of Group Life Insurance and annuity business have continued to add impetus to the revenue of life insurers as investors wager that...

Lasaco Assurance Solvency Ratio of 230% Validates Stable Outlook Rating

Lasaco Assurance's consistent solvency ratio growth in the last four years indicates that the insurer has the financial strength to absorb all claims and...

Insurers See Improvement in Combined Ratio Though Most Remain Above 100%

The average combined ratio of 15 top insurers in Africa’s largest economy stood at 104.47 percent in the third quarter of 2022, MoneyCentral calculations. The...

Stanbic, NPF, ARM Attract Most Pension Registrations in Q3, 2022

Analysis of the distribution of RSA registrations across Pension Fund Administrators (PFAs) in the third quarter 2022, revealed that Stanbic IBTC continued to maintain...

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