AXA Mansard records 19% growth in GPW
By Rosemary Iwunze AXA Mansard Insurance Plc, a member of the AXA Group, has recorded 19 per cent Year-on-Year, YoY, growth in Gross Written Premium for the third quarter ended September 30, 2022. Speaking on the result, the Chief Financial Officer of the company, Mrs. Ngozi Ola-Israel, said, “2022 has been a challenging and dynamic […]
Rate cutting undermining patronage for mobile insurance — Operators
By Rosemary Iwunze The expected increase in the sale of third party motor insurance through the Unstructured Supplementary Service Data, USSD, channel, otherwise known as mobile insurance, is being undermined by the reoccurring menace of rate cutting. This, according to insurance practitioners, is due to the fact that some insurance companies still sell third party […]
Niger Insurance settles over N1bn claims in 2019
By Rosemary Iwunze Niger Insurance Plc said it paid N1.7 billion as claims in 2019. Chairman of the company, Dr Stephene Dike disclosed this at the 50th Annual General Meeting of the company in Lagos, stressing that the company’s financial performance was however affected by the harsh operating environment. Dike said: “Acknowledging the dense competitive […]
Pandemic outbreaks, Cyber threats top risks to insurers in 2021― Report
By Rosemary Iwunze The Nigerian insurance industry will likely face increased risks associated with the COVID-19 pandemic and cyber threats in 2021. This is one of the highlights of the annual survey on global business risks from Allianz Global Corporate & Specialty (AGCS) tagged, “Allianz Risk Barometer 2021”. Among other things the survey cited pandemic […]
Insurance in 2021: Optimism hinged on economic recovery, stronger enforcement
By Rosemary Iwunze Insurance operators have expressed optimism of improved turnover in 2021, citing revival of economic activities as the nation recovers from economic recession, stronger enforcement of compulsory insurance policies, as well as improved information technology system to help boost turnover within the year. The operators are also gearing up to create products that […]
Sigma Pensions counsels youths on importance of retirement savings
By Rosemary Iwunze Sigma Pensions Limited has charged youths to start setting their retirement goals early and vigilantly save towards it. The Head of Risk Management, Sigma Pensions, Ms Paula Benedict, made the call at a collaborative webinar organised by Sigma Pensions and Junior Achievement Nigeria (JAN), with over 100 youths in attendance. The webinar […]
