News
Meet Orimolade, incoming CIIN president banking on Tech to transform insurance profession
13+ hour, 58+ min ago (581+ words) Speaking during a pre-investiture press conference in Lagos, Orimolade said he was assuming office with "profound gratitude, a deep sense of responsibility, and an unwavering commitment to advancing the insurance profession in Nigeria." His vision comes as the Nigerian insurance…...
Casava Microinsurance, Kuda berth with first insurance product for POS merchants
1+ week, 23+ min ago (466+ words) As of today, the product is live and already providing protection to Kuda merchants. For as low as N20 a day, a merchant can now protect their device, their business and their livelihood. Until now, no insurance product in Nigeria has…...
Meet Ebelechukwu Nwachukwu, the incoming chairman of Nigerian Insurers Association
2+ week, 1+ day ago (676+ words) The Nigerian insurance industry is set for a new chapter as Ebelechukwu Nwachukwu, the managing director of Rex Insurance Limited prepares to assume office as the 27th chairman of the Nigerian Insurers Association (NIA) at a pivotal moment in the sector's…...
NAICOM hands over African Alliance Insurance to new board after 18-month turnaround
2+ week, 2+ day ago (662+ words) The National Insurance Commission (NAICOM) has formally handed over the management of African Alliance Insurance Plc to a newly constituted Board of Directors nominated by the company's shareholders, marking the end of an 18-month regulatory intervention that rescued the insurer…...
How Heirs Insurance Group became Nigeria's fastest-growing insurer in 5-years
3+ week, 1+ day ago (1218+ words) From an empty office and a seven-year wait for regulatory approval to serving more than three million lives and building an asset base exceeding N136 billion, Heirs Insurance Group's rise has been one of the most remarkable growth stories in Nigeria's…...
NAICOM urges deeper awareness as brokers drive insurance penetration in Abia
4+ week, 16+ hour ago (527+ words) Olusegun Ayo Omosehin, commissioner for Insurance speaking at the 2026 CEOs" Retreat of the Nigerian Council of Registered Insurance Brokers (NCRIB) and the official unveiling of brokers "Insurance Awareness and Penetration Initiative in Umuahia, Abia State, described insurance as a fundamental…...
NEM Insurance payout N41. 46bn claims in FY, maintains strong rating - Businessday NG %
1+ mon, 17+ hour ago (281+ words) NEM Insurance PIc has reported a" N41. 46 billion in gross claims paid across its various lines of business" for" the" financial" year ended December 31, 2025, reflecting" its sustained commitment to policyholder" obligations. The figure was disclosed in the Group's audited annual report…...
Almond remerges industry performance rating on NIIRA implementation
1+ mon, 3+ day ago (590+ words) L-R: Kesiena Faith Ughwode, chief executive officer of Almond Productions Limited; Ogala Osoka, insurance industry veteran; and Jean Chiazor Anishere and Olajide Fadun, a professor at the University of Lagos at the event. The Almond Insurance has reaffirmed its commitment…...
Odua investment set to reposition subsidiaries to globally competitive entities
1+ mon, 2+ day ago (487+ words) Unveils Glanvills" new corporate office Group Chairman of Odu"a Investment Company Limited, Bimbo Ashiru has reiterated the resolve of the board of the conglomerate to transform subsidiaries within the group into agile, financially strong, and globally competitive entities. Speaking…...
NEM Insurance Plc grows premium income to N166. 8bn, declares N1. 50 dividend
1+ mon, 2+ week ago (416+ words) NEM Insurance Plc delivered a strong top-line performance for the financial year ended December 31, 2025, driven by robust premium growth, higher insurance revenue, and an improved asset base despite the tough operating environment. Presenting the company's audited financial statements at its…...