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Insurance Hub

Gradual Economic Recovery Lifts Insurers’ Premium Income

The swift deployment of vaccines and the reopening of the economy that accelerated renewals have lifted listed insurers’ revenue, but penetration remains abysmally low...

AXA Mansard’s Profit Slumps on Rising Claims Expenses

AXA Mansard Plc has capitulated to mounting obligations emblematic of an inflationary and volatile currency environment as profit slumped. An unfavorable underwriting environment and low...

How Insurance Deepens Financial Inclusion

Stakeholders are sanguine that insurance firms can leverage on the proliferation of smartphones to ensure that financial services reach customers even in the rural...

Motor Insurance Premium Rises as Economic Activities Improve

Motor insurance premiums have improved in the second quarter, supported by improved economic activities even as fake policies remain an impediment to the growth...

Oil and Gas Premium Income Improves on Local Content Act 

The Oil and Gas premium of the largest insurers in Africa's largest economy has improved significantly on the back of the Local Content Act...

Royal Exchange Recurring Losses Deprive Shareholders of Dividend for Six Years

Royal Exchange Nigeria Plc’s has been recording losses in the past six years, which deprives shareholders of dividends because the law only permits companies...

Why are Nigerians Not Taking up Insurance Cover?

There was a cacophony of noise as a lot of traders were offloading heavy car engines from a truck in the scorching sunlight at...

Insurance Sector Rebounds on Improved Customer Confidence  

The rebound in the insurance sector's gross domestic product means companies have regained the confidence of policy makers, but the industry is still ensnarled...

Old Mutual Reiterates Commitment to Nigerian Market

…to bolster insurance penetration with tech Old Mutual Life Assurance and General Insurance, the Nigerian subsidiaries of Old Mutual Limited (OML), Africa's leading premium financial...

Insurers Cede N108.90bn of Premium to Reinsurers in 2020

Insurers in Africa’s largest economy have ceded about N108.90 billion to the reinsurance markets in 2020, representing 34.36 percent of direct premiums income for...

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