Insurance

How PFAs booked 25% profit in 2020 amid pandemic, low-interest rates

In a year blighted by global pandemic and low-interest rates, Nigeria’s biggest institutional investors, Pension Fund Administrators (PFAs), remained upbeat...

Linkage Assurance hosts NCRIB Lagos Area Committee General Meeting

Underwriting firm, Linkage Assurance Plc will on Thursday 11th February 2021 host the Nigerian Council of Registered Insurance Brokers (NCRIB)...

Group life insurance becomes more relevant as Covid-19 increases death cases

A mid level finance Company with head office in Lagos has lost three of its staff since Covid-19 hit Africa’s...

Allianz Nigeria receives first tranche of funding required to shore up capital to N18b

Allianz Nigeria has received the first tranche of capital required to shore up it’s paid up share capital to N18b....

Universal Insurance comes out with innovative products for Okada riders

In order to ensure the safety of Okada riders and their passengers in Nigeria, one of the nation’s leading insurers,...

Nigeria’s insurers to save dollars on new reinsurer’s entry

The coming of FBS Reinsurance Limited into Nigeria’s insurance industry is expected to boost local capacity, increase retention and help...

Premium, ARM, Stanbic Pensions lead in returns, unit price on active contributors’ fund

Premium Pension Limited, ARM Pension Limited and Stanbic IBTC Pension have continued to show leadership in the country’s Contributory Pension...

FG backs ECOWAS Brown Card Insurance scheme

Nigeria has given its backing to full implementation of the ECOWAS Brown Card Insurance Scheme to guarantee prompt compensation to...

Consumers to enjoy better services as NAICOM comes hard on firms over claims

Insurance consumers will be major beneficiaries in the National Insurance Commission’s (NAICOM’s) latest routine inspection exercise billed to commence next...

Ganiyu Musa becomes chairman of Council of Bureaux, ECOWAS Brown Card 

Nigeria’s Ganiu Musa has been inaugurated as the chairman of Council of Bureaux, ECOWAS Brown Card at the 37th Session of...

Insurance premium up but business expansion slows

The nation’s insurance industry in the last six years witnessed significant improvement in premium collection following the implementation of ‘...

Insurance recapitalisation, though halted inspired confidence in consumers - Orimolade

Stanbic IBTC Insurance Limited is one of the newly licensed underwriting companies that came into the industry in the course...

Brokers play safe, shift to insurers with stronger capital base

Insurance brokers’ preference for companies with stronger capital base is driving the direction of businesses to underwriters in the 2021...

Allianz eight-year partnership with Global Olympic begins this year

Allianz has officially began its eight-year worldwide partnership with the Olympic & Paralympic Movements on January 1, building on a...

The Financial Strength Rating of the African Reinsurance Corporation (Africa Re) has been re-affirmed at A (Excellent) and the long-term...