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Rising Operating Expenses Tip Allianz Nigeria into Loss Position
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Allianz Nigeria has been recording recurring losses due to rising operating expenses emblematic of unfavorable underwriting conditions as the insurer is steadfast in honoring...
Allianz Nigeria Introduces Product to Pay for Cost of Funeral Arrangements
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Allianz Nigeria has announced the launch of a family protection plan that will help pay for the cost of funeral arrangements, thus forming an important...
Nigeria Insurers’ Reel From Unprofitable Underwriting ReturnsÂ
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Nigerian insurers are reeling from unprofitable underwriting returns as they paid more in claims than premium received, raising concerns about their ability to make...
Niger Insurance Confirms Receiving NAICOMs Letter to Cancel Its Certificate of Registration
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…says it has 30-day grace
Niger Insurance Plc says it notes the publication in some daily newspapers of the intention of its primary Regulator, National...
Nigeria Insurers Capacity to Underwrite New Policies Decreasing
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The capacity of Nigeria Insurers to underwrite new policies is decreasing because while premiums are increasing there is not a corresponding rise in policy...
African Alliance Supports NCRIB Insurance Awareness Drive
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Life Insurer, African Alliance Insurance PLC, in partnership with the Nigerian Council of Registered Insurance Brokers (NCRIB) recently took the gospel of insurance to...
AIICO Insurance Remains Largest Listed Insurer by Total Asset
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AIICO Insurance Plc has retained the number 1 spot as the largest insurer by assets in Nigeria which has Africa’s largest population, but there...
AIICO Insurance Exposed to N4bn Claims Due to 31 Outstanding Court Cases
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AIICO Insurance Plc has 31 outstanding cases in court that amounted to claims of N4 billion as at December 2021, according to data from...
Custodian Investment Profit Hit by N17bn Fair Value Loss
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Custodian Investment Plc, a non-bank financial institution, has been hit by a N17.62 billion fair value loss on financial assets that undermined profit as...
Lasaco Assurance’s Net Income Slumps Despite Reduced Expense Ratio
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While Lasaco Assurance is not spending its way into the future as evidenced in a sharp reduction in expense ratio, it capitulated to the...