N577bn Pension Disbursement Brings Relief to 1.05M Retirees
Nigeria's PenCom has disbursed N577.26 billion to over 1.05 million Retirement Savings Accounts, clearing major pension arrears. Read how this impacts retirees and the pension system.
Category : Insurance
Global Economic Losses from Disasters Down by a Third
Swiss Re reports a 33% drop in global economic losses from natural disasters to $220 billion in 2025, despite a record $40 billion LA wildfire. Insured losses fall 24%.
SUNU Assurance Secures N9bn Capital Raise Approval
SUNU Assurance shareholders approve N9 billion capital raising to meet new NIIRA 2025 requirements. The move aims to strengthen the firm's financial capacity before the July 2026 deadline.
NAICOM: Recapitalisation Vital for AfCFTA Readiness
NAICOM states Nigeria's insurance recapitalisation is crucial for local firms to compete under AfCFTA. Only well-capitalised firms can handle cross-border risks. Read more.
IEI Appoints Dr Joyce Odiachi as Acting MD
International Energy Insurance Plc announces a major leadership transition. Dr Joyce Odiachi steps in as Acting MD following Olasupo Sogelola's resignation. Discover the company's next growth phase.
NSITF Pays N75.8m Compensation to 3 in Port Harcourt
The NSITF has disbursed N75.8 million under the Employee Compensation Scheme to three beneficiaries in Port Harcourt, reaffirming its commitment to social protection for Nigerian workers.
Allianz Cuts 1,800 Jobs in AI Shift
German insurance giant Allianz signals major job cuts affecting call centers across Europe due to AI adoption. Up to 1,800 positions at risk as automation handles daily claims.
NSITF to criminalise non-compliance with compensation
NSITF plans to make it a crime for employers not to enroll workers under compensation scheme. Managing Director Faleye seeks stronger legal backing and increased penalties.
NAICOM: Link NIN, CAC to Insurance by April 30, 2026
NAICOM mandates all insurers to link NIN and CAC details to policies by April 30, 2026. This move aims to boost transparency and curb fraud. Act now to ensure compliance!
Coronation Insurance Launches N35m Customer Promo
Coronation Insurance launches Insure and Win 2.0, offering N35 million in prizes to customers who purchase insurance policies from November 2025 to April 2026. Secure your future today!
IEI CEO Olasupo Sogelola Resigns, Joyce Odiachi Appointed
International Energy Insurance Plc announces MD/CEO transition as Olasupo Sogelola resigns. Dr. Joyce Odiachi appointed Acting MD amid company's transformation success. Read more.
NEM Insurance Assets Reach N165.46bn in Q3 2025
NEM Insurance Plc strengthens market leadership with N165.46bn assets in Q3 2025. Insurance revenue surges 55% to N107.44bn. Discover how they achieved this remarkable growth.
UNIZIK Alumni, Enterprise Life Partner for Financial Inclusion
Nnamdi Azikiwe University Alumni Association partners with Enterprise Life Assurance to promote financial security and future readiness at its 30th-anniversary event in Lagos. Discover how insurance is key to stability.
Investor Rush as Insurance Reforms Reshape Market
Nigeria's insurance industry is undergoing a major reset as the NIIRA recapitalisation drive sparks intense investor interest and M&A activity. Discover how this will boost market resilience.
Insurer Backs Climate Action with 200-Tree Planting
Prudential Zenith Life Insurance partners with Clean-Up Badagry Initiative to plant 200 trees in Ibeju-Lekki, boosting climate resilience and community well-being. Join the green movement!
Universal Insurance Records 388% Profit Surge
Universal Insurance Plc reports N1.13bn post-tax profit for nine months ending September 2025, marking 388% growth. Driven by investment gains and premium growth. Read full analysis.
NAICOM, Interior Ministry Partner on Insurance Expansion
NAICOM and Federal Ministry of Interior strengthen partnership to deepen insurance penetration, enhance data integration and reduce repatriation costs. New travel insurance proposed for short-stay visitors.
Nurse arrested for $15,000 insurance fraud scheme
A Zimbabwean nurse faces fraud charges after allegedly using dead people's identities to claim $15,000 in life insurance benefits. Learn how authorities uncovered the scheme.
NSITF Guide: Registration & E-Certificates Made Simple
Struggling with NSITF registration? This comprehensive guide breaks down the step-by-step process for employers, explaining registration, payment procedures, and how to obtain your certificate effortlessly.
PENCOM & NAICOM Enforce Pension-Insurance Compliance
Nigeria's pension and insurance regulators join forces in groundbreaking collaboration to ensure strict compliance, protect workers' benefits, and strengthen the financial security landscape.
PENCOM & NAICOM Order Pension Compliance Enforcement
Nigeria's pension and insurance regulators issue joint directive mandating insurance companies to verify RSA compliance before processing policies, marking significant regulatory alignment.
Nigeria Insurance Sector Set for Major Transformation
Key insurance stakeholders gather in Lagos to unveil strategic growth initiatives, digital transformation plans, and market expansion opportunities for Nigerian insurers.
Ezeibe Makes History as First Female NCRIB President
The Nigerian insurance sector witnesses a historic transformation as Dr. (Mrs.) Bola Onigbogi Ezeibe becomes the first female president of Nigerian Council of Registered Insurance Brokers, marking a significant milestone for gender inclusion in financial
Nigerian insurer grows premium to N15.3b amid challenges
Despite Nigeria's tough economic climate, a leading insurance company reports impressive 15% premium growth, reaching N15.3 billion while maintaining strong profitability metrics.
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