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Linkage Assurance can Meet Obligations as solvency Ratio Hits 278 percent

Linkage Assurance Plc can meet its long-term liabilities and settle claims even if an unforeseen event occurs as the insurer is reeling from fair...

Rising claims, FX Loss Compounds Linkage Assurance Woes

Rising claims expenses, a representation of unfavorable underwriting conditions, and foreign exchange loss on bond investment have compounded the woes of Linkage Assurance that...

Cornerstone’s Underwriting Profit hits Five Year High on Surge in Premium Income

Cornerstone Insurance Plc underwriting income hit a year high, thanks to strong growth in revenue that was buoyed by innovative and market penetrating products...

Sovereign Trust H1 Profit Rises Amid Mounting Obligations

Underwriting firm Sovereign Trust Insurance Plc has reported Group net income of N518.90 million for the first half of 2021, supported by a significant improvement in all product...

Aiico Insurance Profit Rises on Boost from Sale of Unit

AIICO Insurance Plc net income has risen on the back of earnings from sale of its subsidiary that helped compensate for a huge fair...

Coronation Insurance on the Edge of Profitability 

Coronation Insurance Plc’s profit is on the edge of profitability, with combined ratios rising and the expectation of slow economic recovery could tip the...

Nigerian Insurers Report Strong Second Quarter Top-Line Growth

The top 17 public Nigerian insurance companies reported aggregate revenue of N175.10 billion in the first six months of 2021, a year on year...

AXA Mansards stellar quarter hit by Mark to Market losses on bond portfolio

AXA Mansard Insurance Plc, a Nigerian insurance firm would have had an otherwise Steller second quarter (Q2), if not for losses recorded in its...

Heirs Insurance, Heirs Life Deliver on Promise to Help Customers Purchase Insurance in Five Minutes

Digital insurance companies, Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA), have confirmed that customers are now able to purchase insurance policies from...

Alliance Insurance Swallowed by its Own Expenses as Loses Pile

Alliance Insurance Plc is paying out more money in claims than it is receiving from premiums, which is why the insurer has been recording...

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