By Esther Agbo Cornerstone Insurance Plc has expressed readiness for potential regulatory changes, particularly in the area of recapitalisation, as the industry braces for new capital requirements proposed by the National Insurance Commission. The company’s Managing Director, Stephen Alangbo, made…
The National Insurance Commission (NAICOM) on Tuesday affirmed its commitment to align the insurance sector with the Renewed Hope Agenda of President Bola Tinubu. Mr Olusegun Omosehin, Commissioner for Insurance, gave the assurance at the investiture of Mrs Yetunde Ilori…
The National Insurance Commission (NAICOM) has unveiled a complaint management portal to ensure swift resolution of all complaints on insurance related issues NAICOM in a statement made available to newsmen in Lagos named the address of the portal as: complaints.naicom.gov.ng.…
Despite the harsh operating environment in the country, Universal Insurance Plc has projected a premium income of N20 billion for the 2024 financial year. The Managing Director of Universal Insurance, Mr. Ben Ujoatuonu made the revelation at the 2023/2024 Annual…
By Esther Agbo Sovereign Trust Insurance Plc is gearing up to host its annual Ikoyi Club 1938 Table Tennis competition, set to commence from July 15 to July 19, 2024, at the Table Tennis Section of Ikoyi Club 1938. This…
By Esther Agbo AIICO Insurance Plc, one of Nigeria’s premier composite insurers, has reached a significant milestone, disbursing over N200 billion in claims and benefits over the past five years. This achievement highlights AIICO’s steadfast dedication to providing financial security…
Shareholders of NEM Insurance Plc have approved a total dividend of N3.01 billion declared by the insurer for the financial year ended Dec. 31, 2023. The approval was given at the company’s 54th Annual General Meeting (AGM) in Lagos on…
By Esther Agbo The Retail Insured Family Association of Nigeria (RIFAN), a prominent consumer association in the insurance sector, has voiced serious concerns regarding the implementation of third-party insurance integration with the Nigerian Insurance Industry Portal (NIIP). In a recent…
By Esther Agbo The National Insurance Commission (NAICOM) has announced its plan to integrate Artificial Intelligence (AI) into Nigeria’s insurance sector. This initiative supports the Federal Government’s National Artificial Intelligence Strategy, which aims to establish Nigeria as Africa’s leading AI…
By Esther Agbo The Managing Director, REX Insurance Limited, Mrs. Ebele Nwachukwu, announced the company’s intention to collaborate with the Lagos State government on implementing compulsory insurance policies. This announcement was made during the inauguration of REX Insurance’s new headquarters…
