Livestock herders in Adamawa, Bauchi, and Plateau states have received N181.9 million in claims under the Index-Based Livestock Insurance scheme, highlighting the growth of agricultural insurance in Nigeria.
Insurance firms and brokers have requested the National Insurance Commission to adjust the requirement linking policyholders' records to the NIN database, citing operational challenges with the April 30 deadline for compliance.
Rex Insurance Limited partners with the Nigerian Meteorological Agency to introduce weather-driven index insurance products, aiming to protect smallholder farmers from climate risks and enhance agricultural resilience across Nigeria.
Twenty insurance companies have submitted readiness for capital verification under NAICOM's recapitalisation exercise, aiming to strengthen the sector's financial resilience ahead of the July 30 deadline.
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The National Insurance Commission warns that escalating Middle East conflicts could increase global reinsurance rates, impacting Nigerian insurers reliant on offshore capacity for high-risk underwriting.
SUNU Assurances Nigeria Plc plans to raise N9.3 billion through a Rights Issue to strengthen its capital base and comply with new N15 billion minimum capital requirements for non-life insurers under Nigeria's Insurance Industry Reform Act.
Discover the leading insurance brokers in Nigeria for 2026, offering reliable protection, risk management, and seamless claims processing for individuals and businesses.
In Nigeria's online trading scene, broker leverage and margin settings significantly influence trader psychology, risk perception, and decision-making processes, often determining success more than market analysis alone.
Prudential Zenith Life Insurance celebrated its top sales performers at a gala night themed 'Driven'. The event on January 9, 2026, recognised Emerald, Diamond, and MDRT achievers, awarding them international trips. MD Funmi Omo highlighted the company's
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The Nigerian Insurers Association says 2026 is a decisive year for enforcing reforms, boosting governance, and expanding insurance market penetration. Read the full strategy.
Universal Insurance Plc CEO Japhet Duru reveals a 2026 strategy focused on digital innovation to enhance customer experience and expand market share. Learn how technology is reshaping Nigeria's insurance sector.
Only 18 out of over 50 insurers are ready for NAICOM's capital verification ahead of the July 30 deadline. The exercise aims to strengthen the sector and boost claims payment. Read more.
Nigerian insurance operators warn that a proposal to grant foreign insurers tax exemptions on local premiums could cripple domestic firms and undermine industry reforms. Read the full analysis.
Leadway Assurance begins validating thousands of African Alliance retirees to ensure seamless annuity payments. This NAICOM-backed move aims to protect retirees' financial security amidst rising living costs. #Insurance #Nigeria
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Nigeria's insurance sector sees a surge in investor interest driven by NAICOM's reforms and the 2026 recapitalisation deadline. Commissioner Segun Omosehin outlines the push for stronger, credible insurers. Read the full analysis.
Great Nigeria Insurance Plc clarifies its position on the Martins Street fire, revealing a legal dispute with the Shitta-Bey family. The insurer confirms its operations are unaffected. Read the full details.
Mutual Benefits Assurance Plc paid N35.3 billion in claims by September 2025, a record high. The payout shows strong commitment to policyholders amid economic challenges. Read the full breakdown.
NAICOM insists the July 30, 2026, recapitalisation deadline is fixed by law. NDIC says remitting 50% of earnings to govt hampers its Deposit Insurance Fund growth. Read the full details.
Nigerian insurance leaders call for enhanced actuarial capacity to improve risk management and increase insurance penetration. A recent Lagos workshop highlights the critical need for investment in local expertise.
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AIICO Insurance Plc has launched a refreshed brand identity to drive innovation and expand its market reach in Nigeria. The move aims to rebuild public confidence and cater to a younger, tech-savvy customer base. Read more.
Agusto & Co assigns a BBB- rating with a stable outlook to Universal Insurance Plc, citing strong 2024 results, robust solvency, and improved profitability. Discover the key figures behind the rating.
NAICOM pushes for Takaful insurance growth to include underserved Nigerians. New 2025 law provides legal backing. Read how this ethical model will reshape the industry.
NCRIB President Ekeoma Ezeibe calls for a unified insurance industry to unlock Nigeria's economic potential. Learn how collaboration can drive growth and innovation.
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.
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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 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 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.
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.
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.
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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.
