By Adebisis Ikuomola The global pandemic has left in its wake untold pains and damage to all facets of our humanity. Most of the worst-hit countries are faced with the challenges of breakdown in health infrastructure and shortage of health personnel in the midst of a dwindling economic outlook. It is noteworthy that the country […]

By Rosemary Iwunze The Nigerian Insurers Association (NIA) hopes to refocus to enable it win support and respect from all stakeholders in Nigeria, particularly the executive and legislative arms of government, the Chairman, Ganiyu Musa, has said. Musa stated this at his investiture as the 24th Chairman of the NIA in Lagos, stressing that the […]

By Rosemary Iwunze As the Nigerian insurance sector continues to occupy 63-position globally, stakeholders are calling for mergers and acquisitions in the sector to consolidate the influence of companies as well as deepen insurance penetration. In a report by Afrinvest, an investment and research firm, titled “Recapitalisation – launching into the deep”, the company also […]

By Rosemary Iwunze The National Insurance Commission, NAICOM, has attributed its inability to revoke the operating license of illiquid (weak) insurance firms consistently defaulting in claims settlement due to the provision of the law that allows companies with assets in excess of liabilities to remain in operation. According to NAICOM, although some companies are illiquid […]

Coronation Insurance Plc has recorded 460.8 per cent growth in Profit After Tax, PAT, Year-on-Year, YoY, to N1.2 billion in 2020 from N214.327 million in 2019.