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Nigerian Insurers post Real Underwriting Loss of N12.44bn

In general sense, Nigerian insurers are not making money for their shareholders as spiraling operating and claims expenses combined with weak revenue growth continues...

Niger Insurance Inefficiencies Mean Underwriting Profit Swallowed by Expenses

Niger Insurance is not generating enough revenue to cover bloated operating expenses as combined ratio is spiraling out of proportion, intensifying concerns about deteriorating...

Royal Exchange losses Pile as Shareholders get No Dividend

Royal Exchange Nigeria Plc has capitulated to the harsh operating environment as its losses continue to pile, heightening concerns that the insurer may not...

AIICO Insurance Delivers Better Underwriting Results as Profit Spikes

AIICO Insurance Nigeria Plc has delivered better underwriting results as its profit surged even amid COVID-19 shocks that paralyzed economic activities across the country. The...

Divestment from Pensions to Bolster AIICO Insurance’s Capital Position

The proposed divestment from pension business will further support AIICO Insurance Nigeria Plc capital position amid the ongoing recapitalization exercise in the industry. According to...

Nigeria Insurers’ investment income rise 24.52 percent to N80.63bn

Nigerian Insurers are reaping the rewards of parking their money in the bonds and equity markets as investment income improved. When combined ratio are high...

Guinea Insurance Q1 Profit Slumps on Weak Premium, Rising Cost

Guinea Insurance Plc recorded profit in the first quarter (Q1) of the year, but it is spending its way into the future as weak...

Shareholders approve NEM Insurance N10bn Share Capital Increase

The 50th Annual General Meeting of NEM Insurance Plc (the “Company”) was held by proxy due to the COVID-19 pandemic on the 18th of...

Regency Alliance Records Improved Underwriting Results Despite Headwinds

Despite persistent macroeconomic headwinds undermining the growth of the industry, Regency Alliance Plc recorded an improvement in results, thanks to a reduction in loss...

Disposal of Significant Investment Compounds Guinea Insurance Woes as Losses Pile

A loss on disposal of significant investment has tipped Guinea insurance Plc into a negative territory, compounding the woes of an insurer reeling from...

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