Insurance Archives — Page 2 of 4

October 8, 2022 No Responses

Insurance Industry’s Assets Hit N2.3trillion In Q2

Nigeria’s insurance industry’s total assets grew to about N2.3 trillion in the second quarter of 2022, indicating an increased growth rate of 11.9 per cent over the first quarter. The National Insurance Commission (NAICOM) made this known on Friday in...

September 30, 2022 No Responses

Elumelu Proposes N50m Capital Base For Insurance Brokers

Chairman, Heirs Holdings, Tony Elumelu, on Thursday proposed N50 million as a capital base for insurance broking firms operating in Nigeria. Elumelu, also founder, Tony Elumelu Foundation, said this at the 60th Anniversary Colloquium of the Nigerian Counc...

September 29, 2022 No Responses

Court Acquits Three AIICO Staff Accused Of N1.5b Fraud

Justice Oluwatoyin Taiwo of an Ikeja Special Offences Court, on Wednesday acquitted three staff of the American International Insurance Company Limited, (AIICO) charged with fraud of N1.5 billion The News Agency of Nigeria (NAN) report that Taiwo, in a r...

August 7, 2022 No Responses

AIICO Insurance Declares N45.5b Gross Premium In Six Months

For the first half of 2022, AIICO Insurance Plc has declared Gross Written Premium (GWP) of N45.5 billion. The company’s unaudited report showed that the GWP increased by 21.4 per cent compared with the N37.481billion recorded in the corresponding peri...

July 2, 2022 No Responses

NGX Suspends Ardova, Niger Insurance, C&I Leasing, Others

The Nigerian Exchange Limited (NGX) has suspended nine companies, effective Friday, 1 July 2022, having failed to file their Audited Financial Statements for the year ended 31 December 2021. The companies according to a statement from the NGX include Afr...

July 1, 2022 No Responses

Heirs Insurance Sponsors $30,000 Tony Elumelu Storytellers Fund

Africa No Filter, a donor collaborative working to transform stereotypical narratives of Africa has launched the Tony Elumelu Storytellers Fund of $30,000 sponsored by Hiers Insurance and Hiers Life Assurance for journalists and artistes. A statemen...

May 21, 2022 No Responses

FG Tasks NAICOM On Prompt Claims Payment

The Federal Government has called on the National Insurance Commission (NAICOM) to put in place measures that will ensure insurance companies meet their obligations to policyholders by paying claims promptly. Dr Zainab Ahmed, the Minister of Finance, Bud...

May 5, 2022 No Responses

AIICO Partners HACEY Health Initiative , To Tackle Malaria In Vulnerable Communities

To mark the 2022 World Malaria Day, AIICO Insurance Plc recently partnered HACEY Health Initiative. In a statement on Thursday, Head, Strategic Marketing and Communications, AIICO, Mr Segun Olalandu, explained that the partnership was c...

February 9, 2022 No Responses

Insurance Industry Generates N508b Premium In 2021, Pays N224b Claims

The Chairman, Nigerian Insurers Association (NIA), Mr Ganiyu Musa, on Tuesday said the insurance industry generated N508 billion Gross Premium in 2021, out of which N224 billion was paid as claims. Musa, who said this at a news briefing in...

January 28, 2022 No Responses

Access Bank `W’ Initiative Tasks Women Entrepreneurs On Insurance

The ‘W’ Initiative, a flagship women empowerment programme from Access Bank plc, has advised women to take advantage of the Bancassurance cover and be protected in the event of unforeseen eventualities. The Group Head of `W’ Initiative, Mrs Abiodun...

October 30, 2021 No Responses

Guinness, Custodian Insurance, AIICO Top Gainers’ Chart As Bulls Sustain Dominance On NGX

The bulls maintained dominance on the Nigerian Exchange Ltd (NGX) on Friday with the All-Share Index crossing 42,000 mark on sustained gains. Specifically, the index inched higher by 77.46 points or 0.18 per cent to close at 42,038.60 from 41,961.14...

October 24, 2021 No Responses

Annuity For Retirees: Lagos Approves Additional Insurance Firms

The Lagos State Government has approved additional insurance company to join the league of insurance companies that underwrite annuity business for retirees in the state. The insurance firm is a subsidiary of a holding company. Managing Director of the c...

October 23, 2021 No Responses

AIICO Insurance Director Resigns

By Moses Ebosele, ebosele@hotmail.com — The Executive Director of AIICO Insurance Plc in charge of Retail Business, Mr. Olusola Ajayi has resigned from the Board of the Company. A notice sent to the Nigerian Exchange (NGX)...

September 21, 2021 No Responses

AIICO Insurance Unveils One-Stop Mobile Application

AIICO Insurance Plc has launched a one-stop mobile application ‘AIICO Express’ for easy distribution of its products and services, for agents to serve customers better and faster. Mr Segun Olalandu, Head, Strategic Marketing and Communications, in a ...