The renewed commitment was reaffirmed during a courtesy visit by the executive committee of the Nigerian Association of Insurance and Pension Editors (NAIPE), led by its Chairman, Mrs. Nkechi Naeche-Esezobor, to the headquarters of Heirs Insurance.

Speaking on behalf of the management, the company’s Head of Communications, Ifesinachi Okpaku, reaffirmed Heirs Insurance’s commitment to its long-standing partnership with NAIPE, describing the media association as a key stakeholder in advancing insurance awareness and public education.

“This is what we started out with—partnerships, and very strong partnerships,” Okpaku said. “I am very glad that the partnership has lasted this long and will continue to last.”
Okpaku commended NAIPE and its members for their consistent role in educating the public, noting that their reporting has significantly improved the public’s understanding of insurance. Despite historically low penetration rates, she emphasized that the sector continues to generate positive developments that the public can learn from.
To build on these gains, Okpaku proposed a collaborative, joint workshop bringing together financial journalists, industry practitioners, and corporate communications teams. According to her, the initiative would bridge perspective gaps and forge a united approach toward impactful, on-the-ground grassroots advocacy.

Responding on behalf of the association, the Chairman of NAIPE, Mrs. Nkechi Naeche-Esezobor, pledged NAIPE’s readiness to collaborate on targeted capacity building and localized advocacy to accelerate insurance penetration nationwide.

Esezobor noted that bridging the gap between industry practitioners and the press is critical to rewriting the narrative of the insurance sector and driving financial inclusion. 

She praised Heirs Insurance for its deliberate focus on strong institutional partnerships since its inception, describing the media as a vital ally in breaking down complex financial concepts for ordinary Nigerians.
The Chairman reaffirmed NAIPE’s commitment to providing a balanced, professional platform that highlights growth, regulatory compliance, and innovations among forward-thinking operators within the insurance and pension landscapes.

The post Heirs Insurance, NAIPE Strengthen Alliance to Drive Insurance Penetration appeared first on Business Today NG.

The Managing Director and Chief Executive Officer of the company, Nelson Akerele, disclosed this during a recent media briefing while addressing the firm’s capital positioning and compliance with the National Insurance Commission (NAICOM).

According to Akerele, Enterprise Life—which entered the Nigerian market approximately five years ago alongside peers like Heirs General and Heirs Life—has progressively built on its foundational capital structure to satisfy current regulatory thresholds.

“We started with ₦8 billion,” Akerele stated, recalling the company’s entry as one of the four entities licensed in that licensing wave. “What we have as a statutory deposit right now, as I speak, is ₦1 billion, which has been fully remitted to the designated account assigned to us.”

Beyond meeting the statutory deposit mandate, the Enterprise Life boss revealed that the company has fully satisfied its Minimum Capital Requirement (MCR).

He attributed this seamless compliance to a deliberate operational strategy that favors liquid assets over heavy fixed investments.

Unlike traditional players with massive capital tied up in real estate, Enterprise Life has maintained an agile, cash-ready balance sheet.

“We are not heavy in terms of buildings and all that; our assets are held in liquid form—in cash and cash equivalents,” Akerele emphasized. “We are an extremely liquid company.”

This cash-heavy asset strategy positions the insurer to promptly meet its obligations, match underwriting risks effectively, and settle policyholders’ claims without the delays often associated with liquidating physical property.

The announcement comes at a critical time when NAICOM continues to emphasize stricter solvency and liquidity management across the Nigerian insurance ecosystem to boost public confidence in the sector.

The post Enterprise Life Assurance Meets Full Regulatory Capital Requirements, Boosts Liquidity appeared first on Business Today NG.

‎The move, according to the company, is part of its Corporate Social Responsibility (CSR) project, to ensure that journalists who are mostly exposed to danger and hazard in the discharge of their duties are adequately protected.
‎
‎The Group Personal Accident Insurance covers death, permanent disability and medical expenses.
‎
‎The policy has been running since 2012, and is renewed annually by the company at the expiratory period on behalf of the concerned journalists.
‎
‎The cover, which was renewed by the insurer in June, 2026 is due to expire in May, 2027. The company has promised to continue renewing the cover for the journalists every year.
‎
‎The Group Chief Executive Officer of Consolidated Hallmark Holdings, Mr. Eddie Efekoha, said the journalism profession both within and outside the country is exposed to different kinds of risks, and such calls for the need for insurance to mitigate the risks.
‎
‎He disclosed that in the case of the death of any of the concerned journalists, the family of the deceased is entitled to N1 million death benefits, while the same claim of N1 million applies to a journalist who suffers permanent disability in the discharge of his duties.
‎
‎He added that the policy covers medical expenses to the tune of N200,000 per journalist in the case of an accident.
‎
‎It would be recalled that three members of NAIPE have benefited from the cover in the past.
‎
‎

The post Consolidated Hallmark Renews ₦61.6m Accident Cover for NAIPE Members ‎ appeared first on Business Today NG.

The Company disclosed that it paid claims totalingN3,662,293,189.41 during the 2025 financial year, while an additional N1,337,886,316.70 was settled between January and April 2026.

The cumulative payout reflects KBL’s strong financial footing, operational resilience, and unwavering commitment to meeting obligations with efficiency and professionalism.

The settlements, spanning diverse classes of insurance business, further demonstrate the Company’s responsiveness in providing timely financial relief to policyholders during periods of loss and uncertainty.

Speaking on the development, the Managing Director/Chief Executive Officer of KBL Insurance Limited, Lawal Mijinyawa, described prompt claims settlement as one of the most credible indicators of trust and institutional integrity within the insurance industry.

“At KBL, we understand that insurance extends beyond policies and documentation; it is fundamentally about honouring our promises when customers need us most. The true test of an insurance institution lies in its ability to settle genuine claims promptly, fairly, and efficiently,” he stated.

Mijinyawa noted that the Company’s claims record reflects not only financial stability, but also a culture anchored on professionalism, operational excellence, and superior service delivery.

“Our consistent claims settlement culture mirrors the confidence our customers place in us and our determination to exceed expectations. Beyond the statistics are businesses restored, families supported through adversity, and individuals empowered to move forward with renewed assurance,”he added.

The Managing Director further disclosed that KBL is recording a very significant progress with its recapitalisation programme as part of a broader strategic growth and transformation agenda.

According to him, the Company has successfully secured investor commitment towards the initiative, a milestone expected to strengthen its financial capacity, underwriting strength, and competitive position within Nigeria’s insurance landscape.

“As part of our long-term vision for sustainable growth and enhanced service delivery, KBL has secured investor participation towards its recapitalisation programme. This achievement further reinforces our financial stability and positions us to harness emerging opportunities within the industry,” he said.

He explained that the development reflects growing investor confidence in the Company’s governance structure, operational performance, and long-term strategic direction.

“The successful investment commitment is a strong endorsement of the KBL brand and its future prospects. It will enable us to deepen market penetration, strengthen service delivery, expand investment in innovation and technology, and continue creating superior value for customers and stakeholders,” Mijinyawa stated.

He further assured policyholders, brokers, business partners, and stakeholders of the Company’s continued commitment to sound corporate governance, financial discipline, transparency, and customer-oriented operations as it consolidates its market presence.

KBL also reiterated its resolve to leverage innovation, digital transformation, and operational efficiency to enhance customer experience and improve turnaround time across its operations.

Over the years, KBL Insurance Limited has built a strong reputation founded on professionalism, integrity, reliability, and seamless service delivery. The Company noted that its expanding claims portfolio and sustained strategic investments continue to reinforce stakeholder confidence and validate its position as a trusted player within Nigeria’s insurance industry.

As part of its long-term objectives, KBL stated that it would continue investing in human capital development, technology-driven solutions, operational efficiency, and product innovation aimed at delivering greater value to customers and stakeholders.

The Company reaffirmed its dedication to excellence, efficient claims administration, and the provision of quality insurance solutions designed to guarantee peace of mind and enduring financial protection.

KBL Insurance Limited is a trusted general insurance provider committed to delivering innovative and reliable risk management solutions to individuals and businesses across Nigeria. Guided by professionalism, integrity, innovation, and customer satisfaction, the Company continues to provide responsive insurance services tailored to the evolving needs of its customers while contributing meaningfully to the growth of Nigeria’s insurance industry.

The post KBL Insurance Settles N5bn Claims in 16 Months, Secures Investor Backing appeared first on Business Today NG.