Insurers raise investors’ hopes with rights issue scorecards
Determined to increase shareholders’ confidence in the insurance sector and hopes of a better return on investments, the nation’s insurers are making inroads in securing various regulatory approvals.
Underwriters seal pact with MFBs to drive insurance policy uptake
Insurance companies will soon be allowed to partner Microfinance Banks on the Bancassurance arrangement in a bid to deepen insurance penetration in the country.
Insurers, IFC and push for multi-billion naira agric cover
Agriculture in Nigeria is a critical aspect of the nation’s economy, providing direct employment for about 30 per cent of the population, while the sector contributes about 24 per cent to the Gross Domestic Product, according to the Nigerian Bureau of Statistics. But climate change is threatening this important industry, as its direct effects include…
Insurers restate plans for industry’s recapitalisation
As insurers show commitment to the ongoing recapitalisation exercise in the industry, they explain that a process is a form of a corporate reorganisation, which involves making substantial changes to a company’s capital structure.
LASG targets 18% contribution into workers’ savings
The Lagos State government has said it will begin the remittance of 18 per cent contributions into its workers’ Retirement Savings Accounts. The Director-General, Lagos State Pension Commission, Folashade Onanuga...
How Nigeria’s marine insurance mirrors global situation
The Nigerian maritime insurance, like the global market, is fraught with challenges. While the local market is battling the prevalence of fake operators and fake certificates, causing the industry to lose huge premiums
Underwriters target higher premium in 2020
The nation’s underwriters are optimistic that the industry would make more premium income from Group Life Insurance business in Year 2020, as opposed to previous years.
West Africa gets EIB’s trade, insurance benefits
The European Investment Bank (EIB), has formally agreed to support the membership expansion of the African Trade Insurance Agency (ATI), with a concessional financing...
FG proposes N15b for MDAs group life policy
The Federal Government has proposed N15 billion for payment of group life insurance of its employees.