Insurance
16 Oct 2023
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…
13 Oct 2023
Insurance experts have called on underwriting firms to take advantage of technological innovation to drive product penetration for increased contributions to the economy. The need for deeper technology adoption in product management was one of the issues raised by experts, who gathered at the second edition of ‘Insurance Meets Tech’ (IMT) with the theme: “Unlocking…
9 Oct 2023
KBL Insurance Limited has secured the approval of the National Insurance Commission (NAICOM) to underwrite agricultural risks in the country.
3 Oct 2023
Determined to increase shareholders’ confidence in its business, Universal Insurance has delivered an outstanding performance for the financial year ending in December 2022, with profit for the year appreciating by 341 per cent, from N161,147 million in 2021 to N667,814 million.
25 Sep 2023
In a world where unpredictability is constant, having a safety net to fall back on is quite important. As a pioneering peer-to-peer technology company, P2Vest continues to provide safe financial solutions. Not only has the fintech transformed the lending and borrowing landscape but it has also taken a revolutionary step into the realm of insurance.…
25 Sep 2023
Stakeholders in the finance services sector have called on the Federal Government to put in place, enabling policies to grow insurance and pension. The experts who converged at the eighth yearly national conference of the Nigerian Association of Insurance and Pension Editors (NAIPE), held in Lagos, urged the current administration to create policies that would…
25 Sep 2023
An underwriting firm, KBL Insurance Limited, has assured insurance policyholders of prompt claim settlement
18 Sep 2023
The Nigerian Union of Pensioners Contributory Pension Scheme (NUPCPS) has called on the federal government to improve the social welfare of pensioners and workers to support economic growth.
12 Sep 2023
•Share value stagnant for five years, experts demand better regulation The poor patronage of insurance products, which has resulted in poor corporate performance of the sector and stagnation in their share prices in the past five years, is unsettling the market. Indeed, the sector has witnessed a prolonged stagnation as the economy suffered a harsh…
7 Sep 2023
The National Pension Commission (PenCom) has given December 31, 2023 as a deadline for all employers to comply with law regarding the remittance of employees’ pension contributions to the retirement savings accounts (RSAs) to avoid sanctions.
4 Sep 2023
The National Insurance Commission (NAICOM) has urged underwriting firms to increase their claims reserve accounts so that they would have enough funds to settle huge claim liabilities.
28 Aug 2023
Noor Takaful, the leading Islamic Insurance firm in Nigeria, has disbursed a total surplus of N208 Million to policyholders who have no claims record as part of efforts aimed at promoting ethical insurance in the country. The surplus allocation was announced as part of a two-day African Takaful and Non-interest Finance conference held in Lagos.…
3 hours ago
The Lagos Chamber of Commerce and Industry (LCCI) is deeply worried about the various economic headwinds confronting the stability of the Nigerian economy.
3 hours ago
The World Bank Group and the African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030.
4 hours ago
Trading activities on the floor of Nigerian Exchange Limited (NGX) halted gains to close on a downturn yesterday, causing market capitalisation to decline by N35 billion.
4 hours ago
Worried by the dwindling oil production and the need to drive investments in the nation’s oil and gas sector, the Federal Government, through the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has underscored the imperative of ramping up production as a pivotal strategy to ensure stability in the midstream and downstream sectors of the industry.
4 hours ago
The Nigeria Customs Service (NCS) Tin Can Island Port (TCIP) command has reported a 95.3 per cent increase in non-oil exports in the first quarter of 2024, compared to the same period last year.
4 hours ago
Access Pensions has emphasised its commitment to offering thorough guidance and assistance to customers interested in Pension Backed Mortgages (PBMs).
4 hours ago
To further address the energy inefficiency in the country, the Chief Executive Officer, Stanbic IBTC Holding Plc, Dr. Demola Sogunle, said N350 billion fund has been raised to support customers in the energy sector.
4 hours ago
Amid geo-political tension marked by uncertainty, volatility, and disruptive forces, the Chartered Institute of Directors Nigeria (CIoD) has tasked directors on effective leadership, noting that their roles as leaders assume even greater significance in turbulent times.
1 day ago
Stakeholders in the insurance and pension industry have called on operators in the sectors to adopt artificial intelligence (AI) to drive business expansion in the country.
1 day ago
Though it does not have the power to regulate prices, the Federal Competition and Consumer Protection Commission (FCCPC) will deploy an existing legal framework to enforce fair competition and consumer protection provisions to achieve fair prices of commodities.