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Monday, October 3, 2022
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Insurance Hub

AIICCO, NEM, Mutual Assurance, Regency, are Most Efficient Insurers

AIICO Insurance Plc, NEM Insurance Plc, Mutual Benefit Assurance, and Regency Assurance are the most efficient and profitable insurers in Africa’s largest economy as...

Insurers Underwriting Margins Under Pressure Amid Rising Inflation

Insurers’ expense ratio and underwriting margin have deteriorated as red-hot inflation balloons obligation to policyholders in a country where businesses are reeling from spiraling...

Mutual Benefit’s Solvency Ratio Remains Strong at 378%

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

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

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

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

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

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...

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