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Mutual Benefit’s Underwriting Profit Surges 106.74% Despite Net Loss

Mutual Benefit Assurance Plc has reported improved underwriting income during the second quarter of 2021, despite a net loss caused by fair value loss...

Prestige Assurance Net Income Rises as Costs, Claims Rise  

Prestige Assurance Plc net income for the second-quarter of 2021 spiked by 25.13 percent as obligations to policyholders continues to mount. The insurer’s net income...

Nigerian Insurers’ Improved ROE’s Fail to Drive Valuations

Nigerian listed insurers, generating profit from the money that investors have put in the business, have yet to reap the benefit in their stock...

Banks Holdco Structure Turmoil to Spur Insurance Penetration

The push by more Nigerian banks to adopt a full holding company (Holdco) structure as a means of generating higher returns and a well-diversified...

Insurers Brace for Higher Payouts on Naira Devaluation

Listed insurers are braced for higher payout as the incessant devaluation creates a pricing conundrum for operators who are already struggling with rising combined...

Rising yields benefit insurers investment portfolios amid mounting obligations

The largest listed insurers are benefiting from rising yields on fixed income instruments as investment income underpins profit even amid mounting obligations to policyholders. Investors...

Government Is Keen To Provide Financial Safety Net For Economic Growth – NDIC

  . . . Corporation Established To Protect Depositors Against Losses   Nigeria Deposit Insurance Corporation ( NDIC ) says Government is keen to providing confidence in...

Lasaco Insurance profit nosedives as claims looms

Lasaco Assurance Plc posted a 25.11 percent drop in half year profit, as it set aside money to cover claims related to Covid-19 outbreak...

AIICO Insurance’s 351% Solvency Margin Validates Certificate of Non-Indebtedness  

AIICO Insurance Plc has sufficient cash flow to pay bills, repay its debt, and absorb claims, which validates the insurer getting certificate of non-indebtedness...

NCRIB President Endorses Heirs Insurance and Heirs Life Assurance

...Describes Their Entrance as Progressive At the just concluded meeting of the Nigerian Council of Registered Brokers (NCRIB), which was held on Tuesday, July 6,...

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