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Nigerian Insurance Sector

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Insurance World

Senate Passes Bill to Rename NAICOM as Insurance Regulatory Commission

BY NKECHI NAECHE-ESEZOBOR—The Senate on Tuesday passed a bill seeking to rename the National Insurance Commission (NAICOM) as the Insurance Regulatory Commission. If...

Insurance World

Mutual Benefits Assurance Reaffirms Commitment to Workforce Wellbeing with “Sweat It Out!” Event

Mutual Benefits Assurance Plc in partnership with Hallmark Health Services Limited (Hallmark HMO), has reaffirmed its commitment to employee wellbeing by hosting the...

Insurance World

Cornerstone Insurance Strengthens Balance Sheet, Declares 28 Kobo Dividend

BY NKECHI NAECHE-ESEZOBOR—Nigeria’s leading underwriter, Cornerstone Insurance Plc, has strengthened its financial position after posting solid growth across key performance indicators for the...

Insurance World

Enterprise Life Exceeds Recapitalisation Requirement, Rules Out Merger Plans

Enterprise Life Assurance (Nigeria) Limited has announced that it has fully met the recapitalisation requirements set by regulators and will not pursue any...

Insurance World

Royal Exchange Plc to Acquire, Recapitalise Royal Exchange Prudential Life

BY NKECHI NAECHE-ESEZOBOR—Royal Exchange Plc has disclosed plans to acquire and recapitalise Royal Exchange Prudential Life as part of a broader strategy to...

Insurance World

Regency Alliance Launches ₦3.04 Billion Rights Issue to Strengthen Capital Base

BY NKECHI NAECJE-ESEZOBOR-Regency Alliance Insurance Plc has officially launched a ₦3.04 billion Rights Issue following the formal signing of its Rights Issue Agreement,...

Insurance World

NAICOM, Insurers Mourn Former NCRIB President Rotimi Edu

BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission (NAICOM) has expressed deep sorrow over the death of former President of the Nigerian Council of Registered...

Insurance World

Q4 2025: Oil, Gas and Annuity Drive Insurance Premium to N2.3tn as Assets Rise to N4.79tn

The fourth quarter of 2025 witnessed impressive growth in Nigeria’s insurance sector, with Gross Premium Written (GPW) reaching a remarkable N2,301.8 billion, reflecting...