Thousands of Nigerians who suffered different losses received over N7 billion in claims payouts in 2025 from emPLE, highlighting the growing role of insurance in protecting households and businesses against economic shocks.

The insurer said the claims were made across its life and general insurance businesses, reflecting increasing demand for financial protection amid rising uncertainties and operational risks.

According to the company, more than N4.1 billion was paid under its life insurance business to support families and individuals dealing with bereavement and financial hardship, while over N3.6 billion was disbursed under general insurance, covering sectors such as energy, engineering, motor, marine cargo and maritime.

The payouts come at a time when businesses and households are grappling with economic pressures, inflation, health-related challenges and operational disruptions, reinforcing the importance of insurance as a financial safety net.

Speaking on the development, Chief Executive Officer, emPLE General Insurance Limited, Olalekan Oyinlade, said the company remained committed to supporting customers during the period of adversity.

“Insurance, at its core, is a promise, a sacred obligation to provide support in times of adversity. In 2025, we honoured that promise,” he said.