Jacqueline Agweh Archives - Business Today NG https://businesstodayng.com/tag/jacqueline-agweh/ The Hub of News Reporting Tue, 03 Mar 2026 20:09:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 SanlamAllianz Nigeria Reports ₦77bn Claims Payout, 33% Premium Growth in 2025 https://businesstodayng.com/sanlamallianz-nigeria-reports-%e2%82%a665bn-claims-payout-33-premium-growth-in-2025/ Tue, 03 Mar 2026 17:33:55 +0000 https://businesstodayng.com/?p=61521 BY NKECHI NAECHE-ESEZOBOR—SanlamAllianz Nigeria has announced total claims payments of ₦77 billion across its Life and General Insurance businesses for the 2025 financial year, alongside a 33 per cent surge in gross written premium in its Life segment, underscoring strong growth momentum despite persistent macroeconomic pressures. The insurer said its performance reflects financial resilience, disciplined […]

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BY NKECHI NAECHE-ESEZOBOR—SanlamAllianz Nigeria has announced total claims payments of ₦77 billion across its Life and General Insurance businesses for the 2025 financial year, alongside a 33 per cent surge in gross written premium in its Life segment, underscoring strong growth momentum despite persistent macroeconomic pressures.

The insurer said its performance reflects financial resilience, disciplined underwriting, and an unwavering commitment to policyholders, as it continues to strengthen its market position under the Sanlam–Allianz joint venture.

According to the unaudited figures, released to BusinessTodayNG, the Life business recorded Net Claims Incurred of ₦57.06 billion in FY 2025, compared to ₦51.04 billion in FY 2024, representing an 11.8% year-on-year increase.
The increase reflects elevated claims costs driven by Nigeria’s 2025 macroeconomic environment, including inflationary pressures impacting benefit payouts and medical-related claims across the industry.
Despite this, the Life business delivered strong top-line growth, with Gross Written Premium (GWP) rising to ₦81.39 billion in 2025, up from ₦60.86 billion in 2024, a significant 33.7% year-on-year increase.
Commenting on the results, Tunde Mimiko, Chief Executive Officer, Life Business, said: “Our unaudited 2025 results reflect disciplined growth and an unwavering commitment to our policyholders. In a year defined by economic pressure, we honoured our obligations promptly and responsibly. The strong premium growth demonstrates increasing trust in our Life solutions and confidence in the SanlamAllianz value proposition. Our focus remains on protecting families and businesses so they can truly live with confidence.”
The General Insurance business, on the other hand, according to its unaudited results, paid ₦20.9 billion in claims in 2025, compared to ₦13.97 billion in 2024, marking a 47.6% year-on-year increase in claims settlement.
Gross Written Premium for the General business stood at ₦47.05 billion in 2025, reflecting sustained underwriting capacity and expansion across corporate and retail portfolios.
Jacqueline Agweh, Chief Executive Officer, General Insurance Business, stated: “The true measure of an insurance company is its ability to pay claims efficiently and transparently. Our unaudited 2025 performance demonstrates operational strength and financial resilience. As part of the SanlamAllianz joint venture, we leverage global underwriting standards, strong capital backing, and deep local expertise to ensure individuals and businesses remain protected against uncertainty.”
SanlamAllianz Nigeria operates under a strategic joint venture between Sanlam, Africa’s largest non-banking financial services group, and Allianz, one of the world’s leading global insurers. The alliance combines global risk management expertise, strong capital and governance frameworks, advanced technical underwriting capabilities, and deep local market understanding.
The company’s claims record reinforces its brand promise, “Live with Confidence.” By honouring over ₦77 billion in claims in 2025 alone, SanlamAllianz continues to provide financial security, stability, and peace of mind to individuals, families, and businesses across Nigeria.
About SanlamAllianz Nigeria
Formed as a merger of Sanlam, Africa’s biggest non-banking financial services firm and Allianz, easily the world’s most recognizable insurance brand in a JV across 28 countries on the continent, SanlamAllianz has  become the clear leader in the non-banking financial services industry in Africa with strong commitments to be top two in every market in which they operate. Consummated in Nigeria as SanlamAllianz Nigeria in June 2025, the brand immediately embarked on a rebrand campaign which saw it dominate headlines to the delight of industry watchers.

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]]> SanlamAllianz General Insurance Appoints Jacqueline Agweh as MD/CEO https://businesstodayng.com/sanlamallianz-general-insurance-appoints-jacqueline-agweh-as-md-ceo/ Fri, 13 Feb 2026 10:34:00 +0000 https://businesstodayng.com/?p=61082 BY NKECHI NAECHE-ESEZOBOR-SanlamAllianz General Insurance has announced the appointment of Mrs. Jacqueline Uche Agweh as its substantive Managing Director/Chief Executive Officer, effective February 11th,  2026. Agweh brings over three decades of deep industry experience cutting across underwriting, claims management, reinsurance, insurance broking, life assurance, and technical operations. Her appointment marks a significant milestone in the […]

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]]> BY NKECHI NAECHE-ESEZOBOR-SanlamAllianz General Insurance has announced the appointment of Mrs. Jacqueline Uche Agweh as its substantive Managing Director/Chief Executive Officer, effective February 11th,  2026.

Agweh brings over three decades of deep industry experience cutting across underwriting, claims management, reinsurance, insurance broking, life assurance, and technical operations.

Her appointment marks a significant milestone in the company’s commitment to strengthening leadership capacity and enhancing operational excellence within Nigeria’s insurance sector.

Prior to her appointment, she served as Executive Director, Technical Operations at SanlamAllianz General Insurance.

She previously held senior management roles at FBN General Insurance (now Sanlam General Insurance), Oasis Insurance Plc, Kelsan Insurance Brokers Limited, ACEN Insurance Co. Limited, and other leading institutions within the industry.

READ ALSO: SanlamAllianz Deepens Financial Inclusion with Lagos Market Outreach

Mrs. Agweh is a Fellow of the Chartered Insurance Institute of Nigeria (FCIIN) and an alumna of the Lagos Business School (SMP 69).

She holds a Bachelor of Science degree in Insurance from the University of Lagos.

A respected industry professional, she has served on several Nigerian Insurers Association (NIA) committees, including as Chairman of the Sub-Committee on Outstanding Claims and Chairman of the Motor Technical Committee Retreat (2022). She is also actively involved in various professional and industry associations, contributing to the advancement of insurance practice and governance in Nigeria.

A recipient of multiple industry awards, including the then FBN General Insurance Chairman’s Gold Award for Leadership, Mrs. Agweh is widely recognized for her strategic leadership, customer-focused approach, and strong commitment to innovation and continuous improvement.

Speaking on the appointment, the Company reaffirmed its confidence in her ability to drive growth, deepen stakeholder trust, and position SanlamAllianz General Insurance as a market leader in delivering innovative and reliable insurance solutions.

About SanlamAllianz General Insurance

SanlamAllianz General Insurance is a subsidiary of SanlamAllianz Life Insurance, a leading provider of innovative and customer-focused insurance solutions in Nigeria, committed to delivering financial security and long-term value to individuals and businesses.

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