Insurance
14 Aug 2023
No fewer than 500 experts in the insurance and pension industry are to set an agenda for the new administration on how the sectors can build a viable and sustainable economy in the country.
14 Aug 2023
Capital Express Assurance Limited has recorded growth across key performance indicators in its 2022 financial year-end, recording N5.02 billion gross written premium (GWP) in the 2022 financial year.
10 Aug 2023
Veritas Kapital Assurance Plc announced 740 per cent in profit after tax in the second quarter of 2023 financial results compared to last year.
8 Aug 2023
Heirs General Insurance (HGI) and Heirs Life Assurance (HLA) have introduced multiple digital channels to make insurance transactions easier for customers.
4 Aug 2023
Underwriting firms in the nation’s insurance industry have urged vehicle owners to verify their motor insurance through the Nigerian Insurance Industry Database (NIID).
31 Jul 2023
Heirs General Insurance (HGI) and Heirs Life Assurance (HLA) have introduced multiple digital channels to make insurance transactions easier for customers. The mobile and digital channels include a chatbot called Prince, which resolves customers’ inquiries, a USSD channel for Heirs Life and mobile apps – Simple Life by Heirs Life Assurance and Simple Protect by…
31 Jul 2023
Lasaco Assurance Plc has declared a 15 kobo dividend on every share translating to a total value of N183 million for the year ended 31st December 2022. This came as the underwriter shareholders’ fund rose by 15 per cent to N12.99 billion in 2022, from N11.3 billion posted in the 2021 financial year. Similarly, the…
31 Jul 2023
The Nigerian Insurers Association (NIA) has called on the Federal Road Safety Corps (FRSC) to intensify the campaign for the adoption of insurance by motorists in line with relevant laws. A delegation of the association comprising the governing council paid a visit to the FRSC corps marshal, Dauda Ali Biu, in Abuja, to consolidate their…
26 Jul 2023
To further deepen insurance penetration in the Nigerian market, Sanlam Nigeria has introduced a new campaign tagged #ProudMoments, to drive financial inclusion and boost insurance acceptance in Nigeria. The campaign, with visuals shot in location in Nigeria, centered on the need to protect the things that mattered through insurance. A statement by the Senior Marketing…
24 Jul 2023
The National Insurance Commission (NAICOM) has expressed its commitment to creating an enabling environment for insurers to increase their financial capacity to be able to underwrite big risks in line with the Guidelines for Oil and Gas Insurance Business issued in 2010.
24 Jul 2023
An underwriting firm, Leadway Group, said it has unified non-banking financial products and services of its subsidiaries through the ‘Leadway One campaign.’
23 Jul 2023
The Insurance Industry Committee (IIC), inaugurated by the insurance industry’s players to work on development plans, will today flag off publicity to educate Nigerians on the rationale behind the increment in third-party motor insurance rate from N5,000 to N15,000 by the National Insurance Commission (NAICOM).
4 hours ago
Stakeholders in the insurance and pension industry have called on operators in the sectors to adopt artificial intelligence (AI) to drive business expansion in the country.
4 hours ago
Though it does not have the power to regulate prices, the Federal Competition and Consumer Protection Commission (FCCPC) will deploy an existing legal framework to enforce fair competition and consumer protection provisions to achieve fair prices of commodities.
4 hours ago
Inflation in Nigeria is reaching its peak now and will decelerate toward the middle of the year, Director-General of the Budget Office of the Federation, Ben Akabueze, has said.
4 hours ago
Nigerian Breweries (NB) Plc has disclosed that the proposed N600 billion recapitalisation scheme by way of rights issue would settle N153 billion outstanding foreign exchange (FX) losses and part of its local bank debt facility.
4 hours ago
The International Renewable Energy Agency (IRENA) is seeking a new approach to energy security amidst geopolitical concerns and a push from fossil fuels.
4 hours ago
The Chartered Institute of Bankers of Nigeria (CIBN) 2024 yearly lecture, slated to take place on April 23, at the Civic Center, Victoria Island, Lagos, has its theme as "Improving Availability of Credit in the Nigerian Real Economy: The Critical Importance of Liquidity."
4 hours ago
The International Agro Original Equipment Manufacturers (OEM) has called for the exemption of all agriculture equipment from all forms of taxes, import duties, Value Added Tax and other levies for at least two years to enable Nigeria to become self-sufficient in food production.
4 hours ago
The Organised Private Sector (OPSN), comprising top Business Membership Organisations (BMOs), has warned that over 65 per cent of private businesses, especially manufacturing concerns and SMEs, may be forced to close down due to the over 200 per cent hike in electricity tariff. The BMOs, comprising the Manufacturers Association of Nigeria (MAN), National Association of…
4 hours ago
Wema Bank has launched an anti-fraud campaign to protect its customers and other Nigerians against fraudulent activities perpetrated by some wallet accounts and fintech partners.
1 day ago
The Federal Government has called on oil and gas operators to create ingenious ways of raising capital to expand their investment and tackle myriads of problems facing the sector, especially leveraging the nation's capital market.