Friday, 29th March 2024
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Insurance

4 Dec
The Nigerian insurance industry's total assets rose to N2.8 trillion at the end of Q3, National Insurance Commission (NAICOM) has said. NAICOM disclosed this in a document titled: “Nigerian Insurance Market at a Glance – Q3, 2023. A breakdown of the statement shows that total assets for non-life stood at N1.74 trillion, while total assets…
29 Nov
The British deputy high commissioner to Nigeria, Jonny Baxter, said the United Kingdom is looking to double the trade volume between Nigeria and the U.K. by next year from 6.9 billion pounds in 2022. 
22 Nov
Underwriting firm, Royal Exchange Plc, has assured its shareholders of stronger performance and increased returns on investment despite environmental challenges last year.
13 Nov
The National Insurance Commission (NAICOM) has given a two-week timeline to the Nigerian Insurers Association (NIA) to publish details of outstanding claims in the industry on their website to aid policyholders who wish to claim their settlements.
9 Nov
To drive Federal Government initiatives on financial inclusion and wealth creation in the country, experts have called on Nigerians to embrace insurance products and services as mitigation mechanisms to replace damaged assets that were earlier insured.
7 Nov
Despite the harsh economic situation in the country, insurance firm, Noor Takaful Limited, has raised N4.97 billion as its gross premium contribution for the 2022 financial year.
30 Oct
To revolutionise insurance business and boost the sector's contribution to GDP, there is the need for operators to advance in technology adoption of its offerings
24 Oct
Concerned by losses suffered in the past from building collapse and damages caused by fire, particularly in the marketplaces and other natural disasters, professionals in the insurance and building sectors of the economy have called on the Federal Government to enforce the law on insurance of buildings to reduce loss of lives and assets in…
23 Oct
An underwriting firm, Sanlam General Insurance, has advised policyholders to use its ‘Code of Confidence *1056#, an option that enables it to pay claims within three hours of reporting an incident.
16 Oct
To further accelerate insurance penetration in the country, Heirs Insurance Group has introduced Nigeria’s first-ever digital insurance space – called Heirs Insurance Experience Centre in the country. The experience centre, according to the underwriter, will provide a comprehensive one-stop shop for all insurance products and services offered by the group. The Heirs Insurance Experience Centre…
16 Oct
The insurance industry has revealed plans to increase the adoption of the Nigerian Insurance Industry Portal (NIIP) to address the counterfeiting of third-party vehicle insurance. This was disclosed at the 2023 Chartered Insurance Institute of Nigeria – Offices Representatives Committee (CIIN-ORC) Workshop by the Director-General of the Nigerian Insurers Association (NIA), Yetunde Ilori. She said…
16 Oct
Manager at AIICO Insurance Plc, Mayowa Korode said the adoption of the International Financial Reporting Standards (IFRS 17) in the insurance industry would not only bring sanity to the sector but would also enhance the sector's contribution to the economy. He said during a training organised for insurance/ pension journalists in Lagos. IFRS 17 is…
1 hour ago
Chinese telecom giant Huawei said on Friday that its profits more than doubled in 2023, a year that saw the company defy US sanctions with the release of a high-end smartphone.
2 hours ago
Tokyo markets closed higher on Friday after the Dow and S&P 500 hit new highs on Wall Street, while investors awaited US economic data due later in the day.
5 hours ago
Disconnected Subscribers Identification Module (SIM) cards as a result of unverified National Identification Number (NIN) may hit 50 million from the second phase of the disconnection of unlinked SIMs to NIN exercise, which begins today, March 29.
5 hours ago
The Central Bank of Nigeria (CBN) has auctioned N1.64 trillion worth of treasury bills.
5 hours ago
In lieu of the increase in passenger traffic this season, Bi-Courtney Aviation Services Limited (BASL) has assured safety, security, and better customer experience for travellers using the Murtala Muhammed Airport Terminal Two (MMA2) facility in Lagos.
5 hours ago
Amidst several challenges confronting the power sector, including limited access to critical resources, the Minister of Power, Adebayo Adelabu, has unveiled plans to liaise with the Central Bank of Nigeria (CBN)...
5 hours ago
To streamline operations and enforce parity across its workforce, the Board of Eko Electricity Distribution Company (Eko Disco) yesterday affirmed recent management changes and its decision to harmonize salaries and conditions of service for all employees.
5 hours ago
Nigeria’s Terms of Trade (ToT), for all commodities, recorded a decline of 0.22 percentage points in the fourth quarter of 2023.
5 hours ago
Succour may be on the way for power generation in the country due to the collaboration between Daystar Power and Rocky Mountain Institute (RMI).
5 hours ago
Heirs Technologies has expressed readiness to make Nigeria a leading Business Process Outsourcing (BPO) destination in Africa.