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Coronation Insurance Records First Loss Since 2013 on Rising Claims

Coronation insurance Plc has recorded its first net loss since 2013 as mounting obligation to policyholders results in deteriorating underwriting performance that hinders the...

African Alliance Redeems MoneyCentral Editor’s Prize

…set to host NCRIB South South area committee Foremost life insurer, African Alliance Insurance PLC, has presented the star prize of a year-long Term Assurance...

Insurers’ Investment Income Jumps on Boost From Rising Bond Yields

The uptick in bond yields in 2021 from the lows of the previous year has bolstered the investment portfolio of the largest insurers who...

These Eight Insurers Will not Pay Dividend as Accumulated Losses Mount 

When investors buy shares of companies, they expect to be rewarded for taking such risk in the form of a dividend payment. Little wonder in...

Insurers Profit Hit by Fair Value Loss, Rising Claims

The profits of the largest listed insurers are practically at a standstill due fair value loss on financial assets and rising claims which raises...

Niger Insurance Walks Tightrope as Expenses Exceed Revenue

Niger Insurance Plc is paying out more in management and claims expenses than premium it earns or writes, little wonder the insurer has been recording...

NEM Insurance is More Profitable than Listed Peers

NEM Insurance Plc disciplined underwriting policies and the efficiency with which it uses its resources to drive revenue growth means the insurer is more...

Nigeria Insurers Meet Claims Obligation to Policyholders

...as claims hit N137.19bn in 2021 Speaking in Abuja on October 14, 2021, during his conferment with the grand patron of the Chartered Insurance Institute...

Mutual Benefits Records First Net Loss in Four Years

Mutual Benefits Assurance Plc has recorded its first net loss after tax in four years as the insurer incurred significantly larger fair value on...

Heirs Life Hits the Market with Annuity Campaign Promising Retirees a Guaranteed Pension for Life

Specialist digital life insurance company, Heirs Life Assurance (HLA) has rolled out an awareness campaign for its pension-regulated Annuity Plan, promising retirees a steady...

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