Insurance Claims Climb to ₦724.5bn in Q4 2025
Abuja: The Insurance Market Performance Report says the insurance industry recorded a spike in its gross claims, hitting N725 billion in the fourth quarter of 2025. The report, released in…
Abuja: The Insurance Market Performance Report says the insurance industry recorded a spike in its gross claims, hitting N725 billion in the fourth quarter of 2025. The report, released in…
Lagos: The National Insurance Commission (NAICOM) says 20 insurers have applied for verification under the recapitalisation exercise. The July 31 deadline stands. Mr Olusegun Omosehin, NAICOM Commissioner for Insurance and…
Lagos: The National Insurance Commission (NAICOM) has reaffirmed its resolve to deliver a transparent, credible, and expertly managed recapitalisation process to fortify the insurance industry. A statement by the Commission…
Lagos: Sovereign Trust Insurance Plc has confirmed the appointment of Dr. Lucas Durojaiye as its new Managing Director (MD), following the retirement of Mr. Olaotan Soyinka, who stepped down after…
Abuja: The National Insurance Commission (NAICOM) says the recapitalisation deadline for the insurance industry will not be extended. The Commissioner for Insurance, Mr Olusegun Omosehin, said this at a seminar…
Lagos (Nigeria): The Nigerian Council of Registered Insurance Brokers (NCRIB) has projected that Nigeria’s insurance penetration could reach three per cent within the next three years. The Council attributed this…
Abuja (Nigeria): Five insurance companies have projected N418.7 billion as revenue for the 2025 financial year ending December 31. The companies are Sunu Assurances Nigeria Plc, AIICO Insurance Plc, Linkage…
Lagos (Nigeria): Investors in insurance stocks on the Nigerian Exchange Ltd. (NGX) traded 1.8 billion shares valued at N5.4 billion during the week ended. This is according to the data…
Lagos: The insurance sector took centre stage on the Nigerian Exchange Ltd. (NGX) this week, driving market momentum with a staggering ₦6.2 billion in trade volume. A total of 17…
Lagos: The Nigerian Insurers Association (NIA) on Monday inaugurated its 2025 Innovation Lab, a facility designed to accelerate digital solutions and reshape insurance practice in the country. Speaking at the…