16 insurance firms pay N67.12bn claims in six months
The total claims paid by sixteen insurance companies in the country rose by 36.48 per cent in the first half of this year from N49.18bn
Category : Insurance
31 states lack insurance cover for workers
Thirty-one states in the federation have no insurance cover in place for workers as of March, despite the provision of the requirement in the Pension
19 Insurance firms fail PenCom compliance for CPS
The National Pension Commission, PenCom, has awarded compliance certificates to 39 insurance companies out of 58 operating in the sector. The fate of the remaining
Insurers Engage States in Fight against Fake Motor Insurance
Insurance operators have opened discussions with five state governments to ensure that motorists get their insurance policy from genuine insurers. The Chairman, umbrella body of
Only 2.9 million vehicles registered by insurance firms –NIA
The Nigerian Insurers Association has said out of the estimated 13 million vehicles in Nigeria, only about 2.9 million were registered as of April 26.
#EndSARS: Insurance companies pay N4bn claims – NIA
The Nigerian Insurers Association (NIA) said insurance companies paid N4 billion as claims arising from over 2,000 businesses affected by the #EndSARS protests. Mr Ganiyu
NCRIB seeks more steps to deepen insurance penetration
The Nigeria Council of Registered Insurance Brokers (NCRIB) has called on government at all levels to take more steps to help deepen insurance penetration in
NAICOM revokes UNIC Insurance’s operational licence
The National Insurance Commission (NAICOM) on Wednesday announced the cancellation of the operational licence issued to UNIC Insurance Plc. The operational licence – RIC 043,
Sovereign Trust Insurance records N687m profit after tax in 2020
Sovereign Trust Insurance Plc on Saturday said it recorded a Profit After Tax (PAT) of N687 million in 2020, against N503 million recorded in 2019.
N747.06b claims paid in five years
Insurance firms paid N747.06 billion claims within five years to organisations and individuals who suffered losses, The Nation has learnt. A report by the Nigerian
