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Insurance & Pension
NAICOM, CRC Credit Bureau to Collaborate on Risk Management
The National Insurance Commission (NAICOM) is teaming up with the CRC Credit Bureau to improve risk management by linking insurance sector data to national credit reporting systems.
This move aims to boost digital adoption, cut down on…
Royal Exchange Appoints Ikeme Osakwe Board Chairman
Royal Exchange Plc has named Ikeme Osakwe as its new chairman, aiming to bolster the leadership team of Nigeria’s leading insurance company amid the ongoing industry repositioning.
Osakwe will take over from Kenny Ezenweani Odogwu, who…
Access ARM Pensions AUM Exceeds N4tn After Merger
Access ARM Pensions, a subsidiary of Access Holdings, has crossed the ₦4 trillion milestone in assets under management (AUM), highlighting a significant achievement and reflecting the strong growth momentum since the merger of Access…
Guinea Insurance Shareholders Approve N15bn Capital Raise
Shareholders of Guinea Insurance Plc have given the green light to several measures aimed at boosting the company’s finances, including raising its authorised share capital and approving a N15 billion equity raise, as Nigeria’s insurance…
AIICO Rebrands, Redefines Protection Strategy
AIICO Insurance Plc has launched its new brand identity, reaffirming its position as a leading insurance provider in Nigeria.
The brand refresh signals renewed energy, youthfulness and innovation, while reinforcing the company’s…
AIICO Launches Insurance Solution for Underserved Population
AIICO Insurance Plc has unveiled its innovative All-in-One Financial Protection, a bundled insurance package to address the persistent financial challenges faced by Nigeria’s smallholder farmers, rural households, and underserved…
Sovereign Trust Ready to Roll Out N5bn Rights Issue
Sovereign Trust Insurance Plc is ready to roll out a N5 billion Rights Issue as the first phase of its step-by-step recapitalisation plan to meet the new capital requirements set by the Nigerian Insurance Industry Reform Act (NIIRA).
The…
NAICOM Understated Revenue by N4bn, Double-paid For Vehicles
The Auditor-General for the Federation (AuGF) revealed that the National Insurance Commission (NAICOM) underreported its 2022 revenue by N4,047,762,249.90 and made a duplicate payment of N248 million to RT Briscoe for a batch of vehicles.…
NEM Insurance’s Low Loss Ratio in Q3 Shows Smart Management
NEM Insurance Plc's loss and expense ratios in Q3 2025 performance reflect strong risk management and operational discipline. Despite inflationary pressures and macroeconomic challenges in the insurance industry, their underwriting…
NAICOM in Pact with FRSC, NHIA On Road Safety
The National Insurance Commission (NAICOM), Federal Road Safety Corps (FRSC), and the National Health Insurance Authority (NHIA) have agreed to develop a joint awareness campaign strategy to educate the public on insurance benefits and road…