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
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
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.
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.
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.
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 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 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 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!
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 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.
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.
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.
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!