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Swiss Re Foundation Announces $500,000 Grant for Africa’s Insurance Sector
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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
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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 ValuationsÂ
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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
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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
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The Nigerian insurance industry has proven to be one of the most resilient and fast growing sectors, surmounting a challenging environment as sector players...
Insurers Paid N105.67bn Claims in Nine Months
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The most liquid and well capitalized insurers who are beset by rising inflation, volatility in the currency, and spiraling overhead costs have been meeting...
Solvency ratios for Linkage Assurance remains strong at 266%
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MoneyCentral is reporting that Linkage Assurance Plc continues to be well capitalised relative to risks taken, as a surge in investment income helped the...
Coronation Insurance Premium Income Surges on Innovative Products
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The introduction of innovative products that are increasingly making an inroad into the Nigerian marker has added impetus to the premium income of Coronation...
AIICO Insurance Litigation Costs hit N4bn in Q3
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AIICO Insurance Plc, the largest insurer by premium income in Africa’s most populous nation, had 31 outstanding cases at the end of the interim...
AXA Mansard Reports Improved Underwriting Performance Despite Challenging Environment
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AXA Mansard Plc has reported efficient underwriting performance despite claims volatility brought on by rising inflation and currency devaluation.
The composite insurer's combined ratio improved...