Sunday, 26th March 2023
Breaking News:


18 Jun 2018
Industry experts and stakeholders have attributed the lull in the economy to infrastructure deficits, explaining that the ecosystem calls for a deliberate effort to close the existing gap between the sector’s contribution and need for economic growth.   The experts, who gathered at the Business Journal’s 10th anniversary lecture, unanimously agreed that there is a link existing among…
28 May 2018
Leadway Assurance Company Limited has paid N27.4 billion claims to policyholders in 2017, an increase of 18.95% from the N23 billion paid in 2016, in demonstration of commitment to meet its obligations to policyholders.   This was disclosed at the company’s 46th  yearly meeting in Lagos, where the insurer presented its 2017 financial year results to shareholders across the…
7 May 2018
Despite the fragility of the economy in 2017, Law Union & Rock (LUR) Insurance, said its gross premium written stood at N4.252billion. This was disclosed at the 49th Annual General Meeting, in Lagos, by the Chairman of the Company, Remi Babalola, while it grew its profit by 66.8 per cent. According to him, the company…
26 Jan 2018
Underwriting firm, Leadway Assurance Limited, has expressed its determination to promote insurance awareness by increasing industry visibility in national growth. The Head, Compliance and Enterprise Risk Management, Temilolu Aduloju, said this yesterday during a courtesy visit to the Rutam House of The Guardian in Lagos. Aduloju explained that the move is borne out of the…
8 Jan 2018
Despite the benefits from motor insurance cover, the Nigerian Insurance Association says over 12 million Nigerian motorists carry fake insurance papers. Investigations by stakeholders in the sector, revealed that many motorists prefer patronizing fraudsters for insurance papers rather than obtaining valid certificate that would provide cover and compensation in times of accident. Nigerian Insurance Association…
8 Jan 2018
Moruf Apampa is the Managing Director/Chief Executive Officer, Equity Assurance Plc. In this interview with BANKOLE ORIMISAN, he spoke on partnerships among stakeholders that would unlock potential in the insurance industry, to make it more competitive among other sectors in the economy. Excerpts: Roughly a year ago, you were appointed the Managing Director of the company.…
13 Dec 2017
The Federal Mortgage Bank of Nigeria (FMBN) has blamed banks and insurance companies for non-compliance with provisions of the National Housing Fund (NHF) Act since its inception. The FMBN Managing Director, Mr Ahmed Dangiwa spoke on Tuesday in Abuja at a public hearing on “A Motion on the Need to Ensure Full Compliance with the…
4 Oct 2017
It added that SecondFloor has great experience working for European insurance regulatory authorities and operators in driving risk-based supervision and solvency migration.
3 Oct 2017
Stakeholders in the industry have said that insurance penetration will not deepen until the needs and expectations of customers are met and delivered. They described insurance as engaging customers and investors to begin to bring in new ideas into the insurance business.
18 Feb 2017
The National Insurance Commission (NAICOM) said it recently met with the management of Lagos State Safety Commission (LSSC) to enforce compulsory insurance in the state.
30 Jan 2017
The Nigerian insurance sector would soon witness a revolution as ATB TechSoft Solutions, a renowned software developer hopes to launch a device that enables vehicle owners pay insurance only for their driving time.
28 Dec 2016
This implies that by next year, at least N100.8 billion would be required for the Group life insurance coverage and premiums payment alone for the two consecutive years of 2016 and 2017.


39 mins ago
As expected, the week was filled with a lot of activities ranging from social to politics and not forgetting those that affect emotions. Well, the Central Bank of Nigeria (CBN) has finally confirmed that the old naira notes will once again be in use, and Nigerians now have their governors, the new ones especially. Guardian…
1 hour ago
Rivers State Governor, Nyesom Wike, has urged the kingmakers and those entitled to the vacant stool in Rumueme community, Obio-Akpor Local Council of the State to ensure peaceful coexistence
1 hour ago
At the forefront of the war against domestic and sexual violence in Lagos State is the State Domestic and Sexual Violence Agency (DSVA), whose mandate is to provide and coordinate end-to-end response to incidents of domestic and sexual violence.
1 hour ago
My life has changed forever because of my diligence, trust, sacrifice and commitment to trust God and go all the way back to the beginning and start all over again. That would begin in Africa.
1 hour ago
The Court of Appeal sitting in Abuja, on Friday, dismissed the suit filed by the Peoples Democratic Party (PDP) against the All Progressives Congress (APC) and its presidential candidate, Asiwaju Bola Ahmed Tinubu over alleged double nomination of Kassim Shettima.