The Nigerian Senate has passed the 2024 Nigerian Insurance Industry Reform Bill. This followed the adoption of the report from the Committee on Banking, Insurance, and Other Financial Institutions at plenary on Tuesday. The report was presented by the Chairman of the Committee, Senator Abiru Adetokunbo (APC-Lagos). Senator Adetokunbo, while presenting the report, noted that…

The National Health Insurance Authority (NHIA) announced that health insurance coverage in Nigeria increased by 40% over the past year, growing from 16.7 million to 19.2 million enrollees. This accomplishment, the agency noted, surpassed the presidential target for health insurance coverage in 2024. During an end-of-year briefing on Wednesday in Abuja, NHIA Director-General, Dr. Kelechi…

Stakeholders in the insurance industry across Africa said optimal adoption of artificial intelligence (AI) is needed to increase the penetration and growth of the industry. Insurance experts who gathered at the just-concluded West African Insurance Companies Association Conference in Accra, Ghana, said AI adoption would transform the industry. AI technology, according to them, has gained…

The Managing Director of Cornerstone Insurance Plc, Stephen Alangbo, has over 30 years of experience in the insurance industry. His professional contributions to the industry came to limelight when he won the ‘Top 25 CEOs Award,’ in the BusinessDay award,

Following price depreciation in BUA Cement, UPDC and Caverton, the industrial goods sector led the losers’ chart at the end of last week's

Despite the hard economic situation ravaging the operating environment in the country, the Board of Directors of Noor Takaful Insurance

NSIA Insurance has strengthened its nationwide retail expansion via its 2024 Roadshow, a major initiative designed to enhance customer engagement and raise awareness about insurance services across Nigeria. The roadshow organised by NSIA Insurance made stops in key cities, including Onitsha, Benin, Ibadan, Kaduna, and Kano, where the company connected with diverse communities and emphasised…

The Niger State Governor, Mohammed Umaru Bago, has officially unveiled the state pensioners' enrollment into the Medical Insurance Package (RMIP), an initiative designed to provide essential support to pensioners as well as senior citizens. The Special Adviser on Digital Media and Strategy to the governor, Abdullberqy Usman Ebbo, said on X that the launch represents…

SOVEREIGN TRUST INSURANCE, a non-life insurance company, with wide range of products and services tailored to meet customers’ needs in this interview with The Guardian Newspapers opens up on how it overcame the COVID years, plans to remain relevant in the market and its aim to be the numero uno in the industry. In response…

The National Insurance Commission (NAICOM) has opened a new portal for the registration and renewal of licences for insurance companies and agents. NAICOM management disclosed in Abuja on Wednesday, that the new portal would fast track and streamline licensing of insurance agents. The Commission said that the portal would also reduce manual intervention in the issuance…

An underwriting firm, Enterprise Life, has advised the insurance industry players to embrace digital adoption to drive financial inclusion and insurance education.

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