Underwriters have keyed into the market development and restructuring initiative (MDRI) to rewrite and create more awareness on the relevance of insurance to the economy.
The new recapitalisation exercise brewing in the insurance industry is expected to triple the current capacity of underwriters across the country from the present paid-up capital of N2 billion
The Nigerian Insurers Association (NIA) has said that insurance companies in the country paid N4 billion as claims arising from over 2,000 businesses affected by the #EndSARS protests.
Brokers in the nation’s insurance industry have generated N257.28 billion out of the N490. 80 billion gross premium incomes recorded by underwriters in 2019.
27 Apr 2020
In a quest to sustain government efforts towards containing the impact of the Coronavirus in the country. Few among the operators before now had donated Personal Protective Equipment (PPE) worth millions
24 Feb 2020
Despite huge financial investment by insurance operators on Information Communication Technology (ICT) to attract more premium income to their business operations, especially at a time of industry recapitalisation
3 Feb 2020
The ongoing recapitalisation exercise in the insurance sector may be getting the required boost as insurers express commitment to the exercise
13 Jan 2020
There are several myths and misnomers when it comes to financial planning, and individuals can take in a lot of advice from many good and not-so-good sources. Misnomers can range from confusing high incomes with wealth to not knowing the importance when choosing investments. For insurers, there is a need to help provide individuals in…
23 Dec 2019
Recapitalisation is a form of a corporate reorganisation, which involves making substantial changes to a company’s capital structure.
11 Dec 2019
Insurance companies will soon be allowed to partner Microfinance Banks on the Bancassurance arrangement in a bid to deepen insurance penetration in the country.
19 Nov 2019
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.