Underwriting firm, Royal Exchange Plc, has assured its shareholders of stronger performance and increased returns on investment despite environmental challenges last year.
The National Insurance Commission (NAICOM) has given a two-week timeline to the Nigerian Insurers Association (NIA) to publish details of outstanding claims in the industry on their website to aid policyholders who wish to claim their settlements.
To drive Federal Government initiatives on financial inclusion and wealth creation in the country, experts have called on Nigerians to embrace insurance products and services as mitigation mechanisms to replace damaged assets that were earlier insured.
Despite the harsh economic situation in the country, insurance firm, Noor Takaful Limited, has raised N4.97 billion as its gross premium contribution for the 2022 financial year.
To revolutionise insurance business and boost the sector's contribution to GDP, there is the need for operators to advance in technology adoption of its offerings
Concerned by losses suffered in the past from building collapse and damages caused by fire, particularly in the marketplaces and other natural disasters, professionals in the insurance and building sectors of the economy have called on the Federal Government to enforce the law on insurance of buildings to reduce loss of lives and assets in…
An underwriting firm, Sanlam General Insurance, has advised policyholders to use its ‘Code of Confidence *1056#, an option that enables it to pay claims within three hours of reporting an incident.
To further accelerate insurance penetration in the country, Heirs Insurance Group has introduced Nigeria’s first-ever digital insurance space – called Heirs Insurance Experience Centre in the country. The experience centre, according to the underwriter, will provide a comprehensive one-stop shop for all insurance products and services offered by the group. The Heirs Insurance Experience Centre…
The insurance industry has revealed plans to increase the adoption of the Nigerian Insurance Industry Portal (NIIP) to address the counterfeiting of third-party vehicle insurance. This was disclosed at the 2023 Chartered Insurance Institute of Nigeria – Offices Representatives Committee (CIIN-ORC) Workshop by the Director-General of the Nigerian Insurers Association (NIA), Yetunde Ilori. She said…
Manager at AIICO Insurance Plc, Mayowa Korode said the adoption of the International Financial Reporting Standards (IFRS 17) in the insurance industry would not only bring sanity to the sector but would also enhance the sector's contribution to the economy. He said during a training organised for insurance/ pension journalists in Lagos. IFRS 17 is…
Insurance experts have called on underwriting firms to take advantage of technological innovation to drive product penetration for increased contributions to the economy. The need for deeper technology adoption in product management was one of the issues raised by experts, who gathered at the second edition of ‘Insurance Meets Tech’ (IMT) with the theme: “Unlocking…
KBL Insurance Limited has secured the approval of the National Insurance Commission (NAICOM) to underwrite agricultural risks in the country.