The inevitability of risk in human life gave rise to the concept of insurance; a contract whereby the Insurer undertakes to indemnify the Insured or the Assured against risk of loss, damage and liability.
Coronation Research: 34 insurers may exit post-recapitalisation
The fate of about 34 insurance companies currently operating in the country may be hanging in the balance, with about 25 others having a brighter chance of scaling through, going by the report of Coronation Research.
Imperatives of insurance as operators woo Nigerians to policy uptake
Stakeholders in the nation’s insurance industry across the country have charged Nigerians to imbibe insurance as a lifestyle and not as a regulatory necessity.
Industry operators support recapitalisation to boost economy
Stakeholders in the nation’s insurance industry have expressed support for the ongoing recapitalisation exercise, saying it would boost the sector’s contributions to the economy.
How insurance firms’ low liquidity hampers operations
The National Insurance Commission (NAICOM) has said the liquidity position of some underwriting companies in the country has hindered the industry’s progress, with heavy investments on fixed assets.
‘Nigeria’s pension penetration below 6%’
With Nigeria’s average pension penetration between 2011 and 2018, standing at less than six per cent, falling behind its global peers, the country must ensure effective implementation of the new Micro-Pension Scheme.
Insurance sector may lose 72% of Dangote refinery's risk
The nation’s insurance industry may lose 72 per cent of the insurance business in the Dangote Oil Refining company.
STI gets approval for extension of rights issue
Sovereign Trust Insurance Plc (STI) has extended its Rights Issue offering, which opened on Monday, June 24, 2019, following the approval from the Securities and Exchange Commission (SEC).
Insurer grows shareholders’ funds above N22 billion in H1
AXA Mansard Insurance Plc in its unaudited financial results for the half-year ended June 30, 2019, showed a growth of eight per cent in shareholders’ equity.