THE Nigerian insurance industry generated N726.2billion as gross premium income at the end of fourth quarter 2022. A bulletin of […]
RTag: NAICOM
Insurance companies’ customers claim N318.2bn in Q4 2022 – NAICOM
THE insured made claims of N318.2 billion on insurance companies in the last quarter of 2022. The National Insurance Commission […]
New third-party motor insurance premium will facilitate claims payment – Expert
DR Samuel Onyeka, an insurance consultant, has backed the upward review of the third-party motor insurance premium by the National […]
“Third Party” vehicle insurance is now N15,000, up from N5,000 – NAICOM
THE National Insurance Commission (NAICOM) has raised Third Party insurance cover for motorists from N5,000 to N15,000 yearly with effect […]
Insurance industry generates N532bn premium in Q3
THE insurance industry has generated gross premium income of N532.7 billion in the third quarter Year-on-Year (YoY), representing 15 per […]
NIA chairman outlines vision to expand insurance frontiers
THE newly inaugurated Chairman of the Nigeria Insurers Association (NIA), Mr Olusegun Omosehin, has pledged to expand the frontiers of […]
NAICOM boss charges new NIA chairman on claims settlement
COMMISSIONER for Insurance, Mr Sunday Thomas, has charged the new leadership of the Nigeria Insurers Association (NIA) to deploy the […]
Insurance industry total assets hits N2.3 trn, income N369.28 bn in Q2
THE insurance sector recorded an increased growth rate of 11.9 per cent with a total asset of about N2.3 trillion […]
Insurance industry records claims of N174.8 bn, pays N148.2 bn in Q2
THE Insurance Industry has recorded 0.2 per cent growth in gross claims compared to the corresponding year totalling N174.8 billion […]
Noor Takaful Insurance records N3.66bn Premium, N422.7m Profit in 2021
NOOR Takaful Insurance Ltd. said it generated a total premium of N3.66 billion in the 2021 financial year. The insurance […]
NAICOM approves Sanlam Insurance underwriting agric business
SANLAM General Insurance Nigeria Ltd. has secured the approval of the National Insurance Commission (NAICOM) to underwrite agricultural business risks. […]
Insurance industry’s assets hit N2.3trn in second quarter of 2022
NIGERIA’S insurance industry’s total assets grew to about N2.3 trillion in the second quarter of 2022, indicating an increased growth […]
Insurance industry records over N369bn premium in Q2
THE Insurance Industry has recorded N369.28 billion Gross Premium Income for life and non-life businesses in the second quarter, a […]
Elumelu canvasses support for insurance sector
CHAIRMAN, Heirs Holdings and United Bank for Africa Plc (UBA), Tony Elumelu, has underlined the importance of a vibrant, well […]
Elumelu proposes N50m capital base for insurance brokers
MR Tony Elumelu, Chairman, Heirs Holdings, on Thursday proposed N50 million as capital base for insurance broking firms operating in […]
Prudential Zenith life insurance records 75% growth in profit after tax in full year 2021 results
PRUDENTIAL Zenith Life Insurance Limited (“PZL”) has announced its audited financial results for the year ended 31st December 2021, recording a […]
NCC, NAICOM, LASG, Experts Identify Importance of Media in National Development, Seek Adoption of AI
EXPERTS who gathered at the public presentation of Business Journal Newspaper over the weekend in Lagos have identified the important role of […]
Hiers Insurance, Life Assurance partner UBA on ‘bancassurance’
HEIRS Insurance Limited (HIL) and Heirs Life Assurance (HLA) on Wednesday said they have began a partnership with the United […]
NAICOM explains purchase of building to house its new Academy
THE National Insurance Commission (NAICOM), has explained the processes surrounding the purchase of its newly established Academy. A statement by […]
NAICOM CEO to chair Business Journal Public presentation Sept 16
MR. Olorundare Sunday Thomas, Commissioner for Insurance/CEO, National Insurance Commission (NAICOM) will CHAIR the public presentation of Business Journal newspaper on Friday, […]
NOG 2022 set to promote local content through easy access to insurance
By Anthony Isibor THE ongoing 2022 Nigeria Oil and Gas, NOG, Conference kicked off on Monday in Abuja with the […]
Stakeholders call for financial literacy to drive financial inclusion
By Anthony Isibor and Christabel Ejenike. STAKEHOLDERS at the inaugural conference of financial inclusion initiative of the federal government have […]
Sylva inaugurates NCDMB new governing council
…hails Nigerian content accomplishments TIMIPRE Sylva, minister of State for petroleum resources, on Tuesday, June 4, in Abuja inaugurated […]
Naicom Approves Financial Statements Of Insurance Companies, Queries Others
THE National Insurance Commission, NAICOM, has released the list of insurance companies …
NAICOM to Enforce Compulsory Insurance Policy
– THE National Insurance Commission, NAICOM, has said that the country is much likely to attain a sustained economic growth […]