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…
By Esther Agbo The third instalment of Insurance Meets Tech (IMT), a premier insurtech and insurance conference in West Africa, will take place on Friday, September 27, 2024, at the Balmoral Event Center in Victoria Island, Lagos, Nigeria. Organised by…
By Esther Agbo Leadway Assurance, a leading insurance provider in Nigeria, has announced a strategic partnership with Octamile, a top digital insurance management solutions company in Africa, to introduce PayCover. PayCover aims to simplify the payment process, improve cash flow…
By Esther Agbo AIICO Insurance Plc has reaffirmed its commitment to fostering a healthy community and potentially saving lives. As part of this commitment, the company’s employees donated blood to the Lagos State Blood Bank in celebration of World Blood…
By Esther Agbo The Nigerian Council of Registered Insurance Brokers (NCRIB) has congratulated Barrister Mrs. Laide Osijo, the Council’s first female President, on her recent appointment as a Council Member of the Federal University of Dutsin-Ma in Katsina State. Osijo’s…
…Microinsurance products receive boost By Esther Agbo As Nigeria navigates through the first year of Tinubu’s administration, various sectors have experienced shifts and transformations. Among them, the insurance industry stands as a critical yet often overlooked sector that plays a…
By Esther Agbo The National Insurance Commission (NAICOM) has unveiled plans to increase the number of insurance agents in Nigeria to boost insurance penetration, which in 2022 industry survey by Augusto and Co, stands at less than 1 percent, one…
