Insurance

The National Insurance Commission (NAICOM) is set to engage other relevant regulatory bodies and agencies of government for possible palliatives for the operators, particularly the cost of the recapitalisation agenda.

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.

The nation’s insurance industry may lose 72 per cent of the insurance business in the Dangote Oil Refining company.

Police retirees under the Contributory Pension Scheme (CPS) supervised by the National Pension Commission (PenCom) are groaning over the undue delay in the remittance of their accrued...

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).

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.

Linkage Assurance Plc has recorded a 16 per cent growth in Profit After Tax (PAT) for the half-year unaudited financial statement ended June 30, 2019.

Mutual Benefits Assurance Plc has assured its shareholders that it would meet the required capital base before the June 2020 recapitalisation deadline set up by the NAICOM.

Prestige Assurance Plc posted a Gross Written Premium (GWP) of N4.792 billion in 2018, its former Acting Chairman, Sir. Muftau Oyegunle, has said. Oyegunle disclosed this at the company’s 49th yearly general meeting in Lagos, stressing that the 26 per cent performance increase was against N3.809 billion recorded in 2017.

The Pension Fund Administrators (PFAs) have implored pension contributors under the Contributory Pension Scheme (CPS) to embrace the ongoing data recapturing exercise across the country to enable them fully maximize the benefits in the system.

The doyen of the insurance industry, Olola Bode Ogunlana, has advised the leadership and members of the Chartered Insurance Institute of Nigeria (CIIN) to regain Nigerians’ confidence in adopting insurance policy and benefitting fully from all it offers.

Wapic Insurance Plc has posted a gross written premium with a 24 per cent increase to N8.7 billion in the second quarter of 2019, compared to N6.9 billion in the same period of 2018.