Leadway Assurance records N104.4bn premium income, highest ever in the industry
Leadway Assurance, a leading Nigerian insurance company, recorded a total premium collection of N104.4 billion, becoming the first in the nation insurance sector to...
Insurance agents generate N141.39b
Agents are gradually taking over the underwriting space through retail practice which has placed them top in life business premium drive. This is despite...
NAICOM raises Third Party insurance for motorist to N15,000 from N5,000
The National Insurance Commission (NAICOM) has raised Third Party insurance cover for motorists from N5,000 to N15,000 yearly, with effect from January 2023.
The approval...
Insurance industry’s assets hit N2.3trn Q2 -NAICOM
The National Insurance Commission (NAICOM) has disclosed that the total assets Nigeria’s insurance industry grew to about N2.3 trillion in the second quarter (Q2)...
NAICOM mulls further liquidation of insurance companies over breaches
The National Insurance Commission (NAICOM) has said that more insurance companies may be sanctioned through liquidation as part of moves to reposition the industry.
The...
CIIN president tasks Insurance directors on manpower development
Mr Muftau Oyegunle, President /Chairman, Governing Council, Chartered Insurance Institute of Nigeria (CIIN), has charged directors of insurance companies to groom manpower that would...
Insurance chief counsels Nigerians to patronise only registered insurance brokers
Nigerian Council of Registered Insurance Brokers (NCRIB), on Sunday, advised Nigerians to patronise only registered insurance brokers for all their underwriting businesses.
The NCRIB President,...
Third Party Motor Insurance: NAICOM to announce new price by Jan. 1 — Insurers...
Insurers Committee on Friday said plans were being concluded to enable the National Insurance Commission (NAICOM) announce a new price for the third party...
Buhari urges insurance companies to diversify operations
President Muhammadu Buhari has urged insurance companies in the country to take advantage of the government’s efforts to grow the non-oil sector of the...
AIO Conference to help rebuild African economies – Official
Stakeholders in the African insurance industry are working hard to ensure insurance contributes to ongoing efforts to rebuild economies seriously impacted by the...
