The National Insurance Commission (NAICOM) says it will commence the ranking and rating of insurance companies in line with the number of claims received and settled on annual basis. The Commissioner for Insurance, Mr Sunday Thomas, said this at the 2022 retreat for financial correspondents in Uyo on Saturday. Thomas said the Commission would also […]

The 2021 Gross Premium Income (GPI) for the insurance industry has hit N630,362.35 billion, according to the National Insurance Commission (NAICOM). Mr Rasaaq Salami, the Head, Corporate Communications and Market Development of NAICOM, stated this in Abuja, on Monday. Salami said that the 2020 GPI was N514 billion, noting that the total assets of the […]

Insurance industry leaders in Africa have picked holes in the regulatory capacity to deal with the declining insurance penetration in the continent.

By Babajide Komolafe Nigeria’s diaspora remittances inflow  is set to beat the World Bank’s  projection for 2021, as it rose to $14.2 billion in the nine months ending September 2021, up 10 per cent Year-on-Year, YoY, from $12.9 billion in the corresponding period of 2020, reflecting the impact of post-COVID economic recovery measures. This is […]

Sigma Pensions Limited has projected that Nigeria’s external sector balance and the oil sector would rebound in 2022.