NAICOM Exits African Alliance After 18-Month Intervention
NAICOM has handed over African Alliance Insurance to a new board, ending an 18-month regulatory intervention that rescued the insurer from collapse and restored stability.
Category : Insurance
Insurer Gets SEC Nod for N15.6bn Rights Issue
Great Nigerian Insurance Plc gets SEC approval for a N15.6 billion rights issue, offering six new shares for every seven held, to boost capital beyond NAICOM requirements.
Heirs Insurance Surpasses 3 Million Policy Subscribers
Heirs Insurance Group exceeds 3 million policyholders in five years, paying N21 billion in claims in 2025 and boosting insurance penetration in Nigeria.
AIICO Rewards Shareholders with N4.39bn Dividend
AIICO Insurance Plc pays N4.39 billion dividend, appoints new directors and chairman to enhance governance and long-term value creation.
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Health Insurance Coverage for Gig Workers Unveiled
SimpliRide launches health insurance for contractors and self-employed workers following NHIA directive, enhancing welfare and safety in Nigeria's gig economy.
Almond Insurance Awards Open Nominations, Add Insurtech Category
Nominations for the 2026 Almond Insurance Industry Awards are now open, with a new Insurtech Company of the Year category introduced to reflect technology's role in insurance.
NEM Insurance Pays N41.46bn Claims, Gets Rating Upgrade
NEM Insurance paid N41.46 billion in claims in 2025, up from N24.24 billion in 2024, and received a rating upgrade to AA+(NG) from GCR Ratings, reflecting strong financial performance.
Insurance Isn't Only for the Rich: Why Every Nigerian Needs It
Discover why insurance is essential for every Nigerian, offering financial protection, legal compliance, and peace of mind against unexpected disasters.
KBL Insurance Pays Over N5bn Claims, Advances Recap
KBL Insurance has paid over N5 billion in claims in 16 months, boosting recapitalisation efforts to strengthen operations and market presence.
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NAICOM Calls for Customer-Focused Insurance to Deepen Penetration
NAICOM calls on insurers to adopt customer-centric models to rebuild trust, simplify claims, and boost Nigeria's low insurance penetration.
FG Launches IPPF to Safeguard Insurance Policyholders
Nigeria's FG inaugurates the Insurance Policyholders' Protection Fund (IPPF) to guarantee claims if insurers fail, boosting confidence in the sector under the NIIRA 2025 Act.
NAICOM Moves to Prevent Insurance Firms Collapse
NAICOM reassures no insurance company will collapse before July 2026 recapitalisation deadline, supporting weak firms through mergers and restructuring.
5 Trusted Insurance Firms Driving Nigeria's 2025 Growth
The Guardian highlights five insurance companies that impacted Nigeria's economic growth in 2025 through innovation, professionalism, and integrity.
Lasaco Assurance Rights Issue Closes May 13 for N18.47B Boost
Lasaco Assurance Plc sets May 13, 2026, as the closing date for its Rights Issue, targeting N18.47 billion to strengthen capital and expand market presence in Nigeria's insurance sector.
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Why Auto Insurance is Essential in Nigeria
Auto insurance is a vital necessity for drivers in Nigeria, offering financial protection, legal compliance, and peace of mind on unpredictable roads. Learn why coverage matters.
NAICOM Calls for Compliance to Sustain ECOWAS Brown Card Scheme
The National Insurance Commission warns that delays in claims payment and weak enforcement are eroding confidence in the regional ECOWAS Brown Card Insurance Scheme, calling for strict adherence to guidelines.
Travel Insurance Guide for Nigerian Travelers
Nigerian travelers often view insurance as just a visa requirement, but comprehensive coverage is crucial for medical emergencies, trip cancellations, baggage issues, and flight delays abroad.
NIIRA 2025 Signed: Defining Moment for Insurance Sector
President Bola Tinubu signs the Nigerian Insurance Industry Reform Act 2025, hailed as a transformative step for regulatory maturity, capital requirements, and policyholder protection.
Insurance Assets Hit N4.8 Trillion in Nigeria Q4 2025
Nigeria's insurance industry saw total assets grow by 7.4% to N4.79 trillion in Q4 2025, driven by premium growth and improved risk retention, with non-life and life segments showing balanced expansion.
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Insurance as Self-Care: New Wellness Approach for Nigerian Women
Heirs Insurance Group and United Capital hosted the Yoga and Money Meet Up, blending physical wellness with financial protection. The event introduced HerMotor insurance, offering 24/7 roadside assistance for women, framing insurance as essential self-car
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Yoga & Money Event Empowers Ambitious Nigerian Women
Heirs Insurance Group and United Capital Plc partnered to host an exclusive wellness and financial empowerment event in Lagos, combining yoga sessions with expert-led discussions on insurance, investment, and asset protection for ambitious women.
Sunu Assurances Plc Raises N9.34 Billion via Rights Issue
Sunu Assurances Plc has secured internal approvals for a N9.34 billion capital raise through a rights issue, aiming to strengthen its financial base and expand in Nigeria's competitive insurance market.
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Home Insurance: Essential in Nigeria, Key Factors & Oversights
In Nigeria, home insurance is increasingly vital due to rising costs, climate risks, and legal requirements. This article explores why it's non-negotiable and what many homeowners still overlook in their financial planning.
AXA Mansard Renews Herconomy Partnership for Women's Finance
AXA Mansard Insurance Plc has renewed its sponsorship of the Herconomy Conference 2026, focusing on financial inclusion and economic empowerment for women through initiatives like the Enterprise Challenge.
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Insurance Sector Grows as AXA Mansard Revenue Hits N160.6bn
Nigeria's insurance industry shows resilience with AXA Mansard reporting 22% revenue growth to N160.56 billion for 2025, though profits declined due to foreign exchange volatility and regulatory changes.
NAICOM Issues Policyholder Fund Guidelines, May 31 Deadline
The National Insurance Commission has released guidelines for the Insurance Policyholders' Protection Fund, with a compliance deadline of May 31, 2026, to safeguard policyholders from insurer insolvency.
NAICOM Raises Microinsurance Capital to N3 Billion
The National Insurance Commission has increased the minimum capital for national microinsurance operators to N3 billion, aiming to enhance financial inclusion and trust among low-income populations.
NAICOM, Stakeholders Praise New Insurance Industry Book
Stakeholders in Nigeria's insurance industry, led by NAICOM, have commended a new book documenting the sector's evolution from 2005 to 2026, highlighting its role in enhancing knowledge and institutional memory.
Policyholders Become Co-Owners via Blockchain Insurance
MAIDS launches Nigeria's first blockchain-enabled mutual insurance model, approved by NAICOM, shifting policyholders to active co-owners with tokenized premiums and profit-sharing to boost transparency and access.
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AXA Mansard Health Backs AMSA Conference for Healthcare Innovation
AXA Mansard Health Limited sponsors the 2026 Association of Medical Students of Africa Conference, signaling a strategic push for healthcare innovation and talent development across the continent.
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