The Federal Government is said to have settled about N15 billion premiums under the Group Life Insurance scheme to insure it’s over 89,000 workers across the country
Experts seek infrastructure development for robust insurance, economy growth
Stakeholders in the insurance industry have attributed the lull in the economy to infrastructure deficits, explaining that the ecosystem calls for a deliberate effort to close...
Risk managers implore government to check impact of perennial flooding
Risk Managers Society of Nigeria (RIMSON), has called on all tiers of Government to take proactive and decisive steps against avoidable fatalities and catastrophic loss of properties in the perennial flood zones in Nigeria.
How insurers’ N97.2b claims settlement boost market penetration
Modern insurance claims process is increasingly complex. More variables and data are constantly coming into play, but carriers must determine appropriate settlements
Insurers woo Nigerians on investment culture through MMF
Despite the growth in savings and investment products, Nigeria still recorded low mobilisation for such products, research by FSDH has shown.
Four underwriters pool N42.939 billion written premium in 2019
Despite Nigeria’s challenging operating environment, four insurance companies were able to pool about N42.939 billion Gross Written Premium (GWP) for insured risks, The Guardian has gathered.
Expert prescribes measures for industrial, economic growth
A pension expert has underscored the need to replicate the successes achieved in the industry to other struggling sectors to boost economic growth.
Insurers adopt new code to drive policy uptake
To further cope with the challenges posed by the outbreak of the coronavirus, insurance operators have adopted the use of Unstructured Supplementary Service Data
How small-sized insurers may lose big contracts by December
Despite the extension of the deadline for insurance industry recapitalisation to September 2021, brokers/marketers are sceptical about some operators’ ability