The Commissioner For Insurance, Mr Olusegun Omosehin, on Friday decried the impact of inflation on the insurance industry. Omosehin, also the Chief Executive Officer(CEO), National Insurance Commission (NAICOM), raised the concern at the Insurance Meet Tech(IMT) 2024 conference held in…
The Insurance industry has witnessed ‘strange’ negative growth of eight per cent in Second Quarter, 2023. This is despite growth witnessed in other financial institutions during the period. Economic expert and Chief Executive Officer, Centre for The Promotion Of Private…
Insurance Industry paid claims worth N318.2billion in the fourth quarter of 2022, representing a 31.2 per cent growth. According to Statistic Department Quarterly Report Of the Insurance Market Fourth Quarter, 2022 released by the regulatory body of the industry, National Insurance…
The insurance sector recorded an increased growth rate of 11.9 per cent with a total asset of about N2.3 trillion in the second quarter of 2022. This is according to the National Insurance Commission (NAICOM). A performance document released by…
The insurance Industry in Nigeria is taking opportunities provided by digitization to restore disruptions brought about by COVID-19 pandemic and sustain profitable operational activities. Prince Femisayo Soyewo, Executive Chairman, Prestige Insurance Brokers, said that the financial services sector of which…
