Insurance
18 Jul 2023
Underwriting firms have attributed the poor performance of the insurance industry to the negative economic indices experienced in 2022, which has affected their business as a sub-sector of the financial system.
13 Jul 2023
Indications have emerged on how some 8.9 million of the 12 million vehicles on Nigerian roads parade the country with fake insurance policies.
10 Jul 2023
Despite worries about the economic situation in the 2021 financial year, operators in the nation’s insurance industry are beginning to explore digital avenues to aid the performance of their gross written premium.
10 Jul 2023
Interswitch has successfully concluded the second edition of its Technovation Competition, a hackathon aimed at nurturing innovation and creativity among its employees.
4 Jul 2023
Industry captains in the nation’s insurance and pension industry have revealed plans to review the role of the sector in sustaining economic development and also set agenda for the new administration on how to promote it
3 Jul 2023
Stakeholders in the insurance sector have stressed the need for a strong cyber insurance market to provide businesses with protection against risks associated with increased usage of digital technology.
3 Jul 2023
Industry captains in the nation’s insurance and pension industry have revealed plans to review the role of the sector in sustaining economic development and also set agenda for the new administration on how to promote it.
3 Jul 2023
The National Insurance Commission (NAICOM) has called on the Professional Insurance Ladies Association (PILA) to join forces with other key stakeholders to promote the sector's awareness.
3 Jul 2023
An underwriting firm, Mutual Benefits Group, said its total assets increased to N92.95 billion at the end of the 2022 financial year.
2 Jul 2023
The volume of premium delivered by insurance companies in 2022 has risen to about N726.2b, Nigerian Insurers Association (NIA) has said. Chairman, NIA, Olusegun Omosehin, who disclosed this during the association’s yearly general meeting in Lagos..
22 Jun 2023
For the nation’s insurance industry to address challenges faced in the area of low penetration, there is a need for the underwriting companies to expand the distribution channels for insurance products beyond the traditional norms.
19 Jun 2023
Professional Insurance Ladies Association (PILA) has revealed a plan to unveil a book, titled, ‘Modern Insurance Practice,’ which will be distributed to tertiary institutions across the country.[
1 day ago
The price of Liquefied Petroleum Gas (LPG), also known as cooking gas, has continued its upward swing rising by 7.1 per cent in the last month, thus making life more difficult for Nigerians who are struggling with food inflation.
1 day ago
Various fibre cuts may have cost affected telecoms operators, especially MTN and Airtel, about N27 billion ($23 million) in repairs last year. To reduce the cost of the operations of the firms, the Federal Government through the Ministry of Works
1 day ago
The Federal Government, through the Minister of Industry, Trade and Investment, Doris Uzoka-Anite, has announced the launch of N200 billion Presidential Intervention Fund for Micro, Small and Medium Scale Enterprises (MSMEs) and manufacturers in Nigeria.
1 day ago
United Capital Plc, a leading Pan-African financial services group, convened its 11th Annual General Meeting yesterday at the Transcorp Hilton Hotel, Abuja, following another year of exceptional financial performance. Shareholders were delighted at the declarationof a dividend payout of N10.8 billion, equivalent to N1.80 per share. The meeting commenced with a statement by Prof. Chika…
1 day ago
After a weekend of tension over the resignation of Dr Adesola Adeduntan, Olusegun Alebiosu has emerged as the Acting Managing Director/Chief Executive Officer of First Bank of Nigeria Limited (FirstBank Group)
1 day ago
Just as it is with corporate goal setting, collaboration for effective performance involves integrating a system that gives employees the opportunity to engage or provide feedback.
1 day ago
UBA America, a subsidiary of the pan-African financial giant United Bank for Africa (UBA) Plc, has reinforced commercial diplomacy among countries, institutions and individuals while fostering robust international collaborations.
1 day ago
There is fresh hope among the Nigerian insurance industry players that the appointment of Olusegun Omosehin as the new Commissioner for Insurance/Chief Executive Officer of the National Insurance Commission (NAICOM) continues to generate interest in various segments of the industry.
2 days ago
The tasks of the Nigerian delegation to the just-concluded International Monetary Fund (IMF) and the World Bank Spring Meetings in Washington, United States, were well defined – sell Nigeria, seal economic pacts and market packages
2 days ago
Inflation will hit 34.98 per cent this month, analysts at Cordros Capital analysts have said.