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Insurance Hub

Insurers See Improvement in Combined Ratio Though Most Remain Above 100%

The average combined ratio of 15 top insurers in Africa’s largest economy stood at 104.47 percent in the third quarter of 2022, MoneyCentral calculations. The...

Stanbic, NPF, ARM Attract Most Pension Registrations in Q3, 2022

Analysis of the distribution of RSA registrations across Pension Fund Administrators (PFAs) in the third quarter 2022, revealed that Stanbic IBTC continued to maintain...

NEM Insurance Reports Strong Profit Growth as Underwriting Performance Improves

NEM Insurance Plc has reported strong profit, with balance sheet strength and underwriting focus putting it in a position to weather macroeconomic headwinds. The firm...

Insurers Investment Income Soars as Firms Chase Yield

In the last eight years, insurers who are nimble to park their money in fixed income securities to enjoy juicy yields have generated N220.61...

Mutual Benefit, NEM, AIICO, Regency, Have Highest Insurance ROE

The management of Mutual Benefit Assurance Plc, NEM Insurance Plc, and AIICO Insurance Plc are pulling the right levers to improve efficiency as they...

Swiss Re Foundation Announces $500,000 Grant for Africa’s Insurance Sector

Swiss Re Foundation has announced a USD 500,000 grant for Africa's insurance sector to spur innovation of insurance solutions for the underserved. The funding, to...

Cornerstone Insurance Underwriting Profit Rises 21.58% to N4bn in Q3

Cornerstone Insurance Plc has reported a 21.58 percent in underwriting profit in the first nine months even amid an unfavorable underwriting environment. Of course, the...

Insurers Generate Profit for Investors Amid Falling Valuations 

Insurers have generated profit for their investors even as falling valuations continue to drag stock prices down, which underscores the myriad of challenges bedeviling...

Leadership change at Allianz Nigeria as Jaideep Goel Named Interim CEO

Allianz Nigeria has announced the resignation of Ms. Adeolu Adewumi-Zer as Chief Executive Officer (CEO) and Managing Director. Jaideep Goel, Executive Director at Allianz Nigeria...

Insurers’ Gross Premium Income Rises 19.71% to N310.36bn in Q3

The Nigerian insurance industry has proven to be one of the most resilient and fast growing sectors, surmounting a challenging environment as sector players...

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