FG drums support for insurance industry growth
The federal government has pledged to continue to support the insurance industry through mutual initiatives that would sustain growth.
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More Nigerians get identification numbers as NIN issuance hits 95m
More Nigerians have been identified and added to the national database as the figure of National Identification Number (NIN), issued by the National Identity Management Commission (NIMC) rose to 95 million, according
IIC urges underwriting firms to engage banks on Bancassurance
The Insurance Industry Committee (IIC) has called on underwriting firms to engage banks to drive Bancassurance in line with the newly revised guidelines released by the National Insurance Commission (NAICOM) to support
NAICOM to intensify industry regulatory initiatives
The National Insurance Commission (NAICOM) has expressed its commitment to continue to execute various regulatory and market development initiatives to raise industry activities to a global standard in the year 2023. The
Group kicks as new third-party insurance regime takes effect
Some insurance consumer groups have kicked against the upward review of the third-party premium rate, describing the policy as economically insensitive and contrary to good faith.
Premium Pension assets hit N1trn
Premium Pension Limited has set new goals, promising better service delivery to its customers especially as it attained over N1 trillion in Assets under Management (AUM). Â The firm, one of the
NAICOM, CIIN chart path for growth of insurance sector
Before the nation’s insurance industry can contribute optimally to the economy, there is a need for underwriters to adopt a risk-based asset approach, investment
Guinea Insurance increases coverage with new self-service portal
Determined to increase insurance penetration in the country, Guinea Insurance Plc has initiated a self-service motor insurance e-portal that allows customers to purchase
Insurer woos Nigerians with N8.3 billion claim payment
African Alliance Insurance Plc said it paid a total of N723.96 million to policyholders as claims in January 2022 and N7.59 billion from January to December 2021.
Insurance industry’s assets hit N2.13 trillion
The National Insurance Commission (NAICOM) has disclosed that the industry total assets stood at N2.13 trillion as at end of 2021.
CIIN, NCRIB partner on driving compulsory insurances
The Chartered Insurance Institute of Nigeria (CIIN) has assured the Nigerian Council of Registered Insurance Brokers (NCRIB) of its collaboration to propagate the gospel of compulsory insurance among Nigerians. The President, CIIN,