Insurance Industry

The NGX Insurance Index ended the day as the worst-performing sector on the Nigerian Exchange, dropping 1.35 per cent to 1,324.09 points, as investors kept pulling back ahead of the industry’s looming recapitalisation deadline. Even so,…

In its efforts to sanitise the industry, the National Insurance Commission (NAICOM) has revealed that more Insurance companies may be sanctioned over their inability to meet their obligations.  In June, the commission revoked the…

Renowned Insurance Broker,  Aon estimates that global reinsurer capital increased by almost 4 per cent by the year-end of 2021 to $675 billion, owing to growth in traditional capital, slightly offset by a decline in alternative…

The operations of the National Insurance Commission (NAICOM) and the insurance industry are set for transformation with the completion of a new digital portal by the Commission. The Commissioner for Insurance and Chief Executive Officer…

(Continued From Last Thursday's "Wanted For NAICOM, Visionary Leader To Redeem Industry's Losses") Another programme worthy of note is the bancassurance on which so much noise was made and which the industry would have benefitted hugely…

The Gross Written Premium (GPW) of insurance companies in Nigeria grew by N47.1 billion in 2017, according to the Nigeria Insurance Association (NIA). The GPW is the value of total business undertaken by insurance companies during the…