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Mutual Benefit’s Solvency Ratio Remains Strong at 378%
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Mutual Assurance Plc is well capitalised relative to the risks it has undertaken as evidenced by a 378 percent solvency margin that exceeds the...
Insurers’ Gross Premium Income Grows 19.04% to N174.82bn in Half Year
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Despite the challenging environment, insurers were able to grow premium income by 19.04 percent to N174.82 billion as at June 2022, according to data...
Mutual Benefit Returns to Profit on Rise in Interest Rate
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Mutual Benefit Assurance Plc has returned to the path of profitability, thanks to a rise in interest income on fixed asset income as the...
Coronation Insurance Premium Income Rises 32.90% as Combined Ratio Improves
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Coronation Insurance Plc has seen its total amount of generated gross premium income (GPI) grow 32.90 percent as the insurer spent less on operating...
Lasaco Assurance is Well Capitalised as Solvency Ratio Exceeds Threshold
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Lasaco Assurance Plc continues to be well capitalised relative to risk taken as the insurer’s solvency ratio is in excess of the regulatory minimum...
NEM Insurance Net Income Soars 25% on Solid Underwriting Performance
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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
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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
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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
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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
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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...