Underwriters pull N418.8b from motor business in 10yrs
The insurance industry statistic has revealed that underwriting companies in the country generated a total sum of N418.76 billion from motor policy business in 10 years.
‘9.5 million uninsured vehicles affecting industry’s penetration’
There are indications that only about 2.53 million out of the 12 million registered vehicles on Nigerian roads have genuine motor insurance, leaving about 9.5 million uninsured.
NIA urges members to trigger business link strategies for industry’s growth
The Nigeria Insurers Association (NIA) has called member companies to activate business stability strategies to ensure quality service delivery amidst the disruption...
NIA lauds government on Finance Act 2020
The Nigerian Insurers Association (NIA) has lauded the Federal Government of Nigeria for the speedy assent to the Finance Act 2020, describing the move as a welcome development which will usher in a new lease of life for insurance companies.
9.5 million vehicles are not insured in Nigeria,says NIA
There are indications from the nation’s insurance industry operators that only about 2.53 million out of the 12 million registered vehicles on Nigerian roads, have genuine motor insurance certificates, leaving about 9.5 million effectively uninsured.
‘Insurance industry rebranding campaign to benefit corporate organisations, individuals’
In Nigeria today, I would say that the insurance industry is at the point of inflection. Every attention is on insurance, given the benefits, it offers to both the individuals and the economy as a whole.
NAICOM, operators commit to industry rebranding project
In a dramatic move to unlock the potential in the industry, the National Insurance Commision (NAICOM), and operators have decided to raise about 50 per cent of the funds required...
NIA gets new DG, others to drive industry growth
The Nigeria Insurers Association (NIA) has announced the appointment of Yetunde Ilori as its new Director General while the Managing Director of NEM Insurance Plc, Tope Smart, is Deputy Chairman.