The Nigerian Insurance industry has recorded a remarkable growth in the fourth quarter of 2023, with the Gross Premium Written reaching a staggering N1.003 trillion. This figure marks a significant 27% increase from the N790 billion reported in the previous year. “The statistics reflect a robust upward trajectory in the market’s performance as the year Read More…
In a strategic move, Leadway Assurance is teaming up with Leytro, a prominent insurtech company, to introduce user-friendly, cost-effective, and incentive-driven insurance policies tailored for fleet managers and drivers. Umashime Oguzor-Doghro, a representative of Leadway Assurance, shared this in a statement released on Tuesday in Lagos, highlighting the significance of this alliance. She stated that Read More…
The Federal Government, on Monday, reiterated its unwavering dedication to the transformation of the insurance sector and the safety of Nigerian citizens. The Commissioner for Insurance (CFI) at the National Insurance Commission (NAICOM), Sunday Thomas, emphasised this commitment during the National Insurance Conference 2023 in Abuja, which was centred around the theme “Redefining Safety – Read More…
Nigerians have been urged to adopt insurance-backed savings programmes by Ms. Alero Ladipo, Executive Head, Marketing and Customer Experience, Old Mutual Nigeria. In a statement released on Monday in Lagos, Ladipo stated that this was crucial in light of the current global socio-economic volatility, uncertainties, complexity, and ambiguities (VUCA). She said that in the face Read More…
In picture above: Mr Tunde Ogungbade , Deputy President , NCRIB ,Mr Rotimi Edu , President NCRIB, Mrs Joyce Ojemudia , MD /CEO African Alliance at the NCRIB ‘s Member Evening in Lagos. NAN Photos African Alliance Insurance paid claims of more than N7.59 billion to its customers in 2021.This figure, according to the firm Read More…
The Nigerian Insurers Association (NIA) said insurance companies paid N4 billion as claims arising from over 2,000 businesses affected by the #EndSARS protests. Mr Ganiyu Musa, Chairman, NIA, disclosed this at a news conference in Lagos on Thursday. Musa also assured customers that all genuine claims emanating from the protests would be paid. He said Read More…
Emirates customers can now plan their travels and fly with even greater assurance and peace of mind, with the airline’s latest industry-first initiative to provide expanded, multi-risk travel cover on top of its current COVID-19 cover. Provided by Emirates at no additional cost to its customers, and provided by AIG Travel, this cover is the Read More…
The National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) on Tuesday signed a Memorandum of Understanding (MoU) to revise regulation on Retiree Life Annuity and guidelines on Group life Insurance policy. Mr Peter Aghahowa, Head, Corporate Communications Department, PenCom said in a statement that the regulation was for employees and Contributory Pension Scheme Read More…
