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Insurance Hub

NEM Insurance Net Income Soars 25% on Solid Underwriting Performance

NEM Insurance Plc has recorded strong underwriting results in a complex environment as the insurer has a solid capital base to absorb macroeconomic shocks. Overall,...

AIICO Insurance Has More Unclaimed Dividends Than Payouts to Shareholders

The largest insurer by premium income in Africa’s most populous nation AIICO Insurance has more unclaimed dividends than the amount it paid out as...

Prestige Assurance Returns to Profit on Revenue Growth, Moderate Claims Cost

Prestige Assurance Plc has returned to profit, driven by growth in revenue and moderation in claims costs even amid unfavorable underwriting environment, as the...

Norrenberger Advisory Acquires Moribund International Energy Insurance

Norrenberger Advisory Partners Limited (NAPL) has taken over the operation of loss making International Energy Insurance Plc (IEI) after it obtained the approval of...

Coronation Insurance Posts N1.24 bn Profit, Uses Capacity to Underwrite More Policies

Despite a challengingly difficult environment, Coronation Insurance Plc has posted N1.24 billion underwriting profit as the insurer continues to use its capacity to underwrite...

AIICO Insurance’s Underwriting Performance Remains Strong as Investment Income Underpins Profit

Despite lower valuations for life and annuity funds liabilities, AIICO Insurance Plc recorded a solid underwriting performance as the gradual improvement in the yield...

AXA Mansard Reports Revenue Increase of 33.87% in Q2 

AXA Mansard Insurance Plc, a member of the AXA Group and a global insurance and asset management firm, recorded revenue growth that validates the...

Top Nigerian Insurers saw Robust Premium Growth in 2021

The top 10 Nigerian insurers, based on net premiums written, remained unchanged in 2021 when compared with the previous years, as they rebounded strongly...

Is the Insurance Industry Ready for AfCFTA? The Regulatory Viewpoint

Keeping abreast of regulatory developments is a key component of the G for governance in ESG but can be a challenge for those who...

Insurers Profit Jumps Despite Deteriorating Underwriting Performance

Insurers in Africa’s largest economy recorded double digit growth in profit supported by an improvement in yield environment even as sector players are beset...

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