Insurance Industry

Former NAICOM Boss Thomas Predicts Game-Changing Transformation in Insurance Sector with New Act
Olorundare Sunday Thomas, the immediate former Commissioner for Insurance and CEO of the National Insurance Commission (NAICOM), has expressed optimism about the recently enacted Nigerian...

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Politics Today
22 hours ago22 hours ago

Olorundare Sunday Thomas, the immediate former Commissioner for Insurance and CEO of the National Insurance Commission (NAICOM), has expressed optimism about the recently enacted Nigerian Insurance Industry Reform Act (NIIRA) 2025, signed into law by President Bola Ahmed Tinubu. Thomas emphasized that with effective execution, this legislation is poised to safeguard the interests of all...

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Insurance Leaders Nationwide Demand Swift Resolution in ACA Shutdown Battle
government shutdown day” fetchpriority=”high” /> Vice President JD Vance addresses the White House press briefing on the day the government shutdown began. Vance is among...

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International News
2 days ago2 days ago

government shutdown day” fetchpriority=”high” /> Vice President JD Vance addresses the White House press briefing on the day the government shutdown began. Vance is among Republicans emphasizing that there is sufficient time to extend ACA premium tax credits. Alex Wong/Getty Images hide caption toggle caption Alex Wong/Getty Images Currently, a heated debate unfolds on Capitol...

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NEM Chair Vows Strong Commitment to Driving Insurance Industry Growth
Tope Smart, chairman of NEM Insurance Plc, has reaffirmed his unwavering dedication to advancing the

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Politics Today
4 days ago4 days ago

Tope Smart, chairman of NEM Insurance Plc, has reaffirmed his unwavering dedication to advancing the

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Unitrust Insurance Transforms College of Insurance Hall with Stunning Renovation
Unitrust Insurance Company Limited has recently completed a refurbishment of the hall it generously donated to the College of Insurance and Financial Management (CIFM) in...

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Politics Today
4 days ago4 days ago

Unitrust Insurance Company Limited has recently completed a refurbishment of the hall it generously donated to the College of Insurance and Financial Management (CIFM) in Asese, Ogun State. This upgraded facility now offers insurance students and industry professionals a more inviting and contemporary environment conducive to learning and collaboration. The renovation includes new wall treatments...

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Rex Insurance Pledges: Policyholders at the Heart of Our Bold Transformation Agenda
Ebelechukwu Nwachukwu, the Managing Director and CEO of Rex Insurance Limited, has reaffirmed the company’s unwavering commitment to prioritizing the needs and interests of both...

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Politics Today
6 days ago6 days ago

Ebelechukwu Nwachukwu, the Managing Director and CEO of Rex Insurance Limited, has reaffirmed the company’s unwavering commitment to prioritizing the needs and interests of both current and future policyholders amid its ongoing transformation journey. She made these remarks upon receiving the prestigious 2025 BusinessDay Top 25 CEOs Award over the weekend, an accolade that celebrates...

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Expert Urges Insurers and PFAs to Strategically Integrate the Informal Sector for Greater Impact
Olatunde Amolegbe, the CEO of Arthur Stevens Asset Management Limited, has called on stakeholders in the insurance and pension industries to formulate effective strategies aimed...

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Politics Today
1 week ago1 week ago

Olatunde Amolegbe, the CEO of Arthur Stevens Asset Management Limited, has called on stakeholders in the insurance and pension industries to formulate effective strategies aimed at integrating the vast informal sector into formal insurance and pension schemes. Speaking at a recent Lagos conference, Amolegbe emphasized that the informal sector accounts for nearly 70 million workers...

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Cornerstone Insurance Triumphs with Double Awards for Outstanding Customer Value Drive
Cornerstone Insurance Plc has earned notable recognition for 2025, reflecting its unwavering dedication to delivering exceptional value, fostering trust, and strengthening relationships with clients and...

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Politics Today
2 weeks ago2 weeks ago

Cornerstone Insurance Plc has earned notable recognition for 2025, reflecting its unwavering dedication to delivering exceptional value, fostering trust, and strengthening relationships with clients and communities throughout Nigeria and the broader West African region. The firm has been distinguished as one of the Top 100 Businesses Making Impact by Business Times and has also received...

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Noor Takaful Shares N404 Million Surplus Boost with Participants
Noor Takaful Insurance Limited, Nigeria’s trailblazer and foremost provider of composite Takaful insurance, has allocated a total surplus of four hundred and four million, one...

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Politics Today
2 weeks ago2 weeks ago

Noor Takaful Insurance Limited, Nigeria’s trailblazer and foremost provider of composite Takaful insurance, has allocated a total surplus of four hundred and four million, one hundred and ninety-one thousand, five hundred naira (N404,191,500.00) to policyholders who did not file claims during the 2023 fiscal year. This surplus allocation was officially revealed on Wednesday, September 17,...

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Stakeholders Demand Enhanced Safeguards for N24.6 Trillion Pension and N3.3 Trillion Insurance Assets
Key players within the insurance and pension sectors are advocating for enhanced regulatory measures to safeguard and grow Nigeria’s substantial pension fund assets, currently valued...

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Politics Today
3 weeks ago3 weeks ago

Key players within the insurance and pension sectors are advocating for enhanced regulatory measures to safeguard and grow Nigeria’s substantial pension fund assets, currently valued at N24.6 trillion, alongside insurance assets totaling N3.3 trillion. By the close of the 2024 fiscal year, the insurance industry’s asset base was recorded at N3.3 trillion, with projections indicating...

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NAICOM Sets September 30 Deadline for Insurance Companies to Submit Recapitalisation Plans
The National Insurance Commission (NAICOM) has mandated all insurance and reinsurance firms operating in Nigeria to present their recapitalisation strategies by September 30. This directive...

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Politics Today
4 weeks ago4 weeks ago

The National Insurance Commission (NAICOM) has mandated all insurance and reinsurance firms operating in Nigeria to present their recapitalisation strategies by September 30. This directive comes in the wake of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, aiming to facilitate a smooth and effective enforcement of the updated capital requirements. Under NIIRA 2025, the...

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