insurance

Insurers Thrive: Total Assets Surge to ₦1.46 Trillion Breaking Down the Growth: The assets of 10 listed insurance firms in Nigeria soared to ₦1.46 trillion in the first nine months of 2024, a remarkable 51.3% increase from ₦965 billion during the same period in 2023. This impressive growth...

Detailed Stock Analysis of Regency Alliance Insurance Plc Company Overview Regency Alliance Insurance Plc is a leading insurance provider in Nigeria and the West African sub-region, specializing in a broad range of insurance products and services. These include risk underwriting, risk...

New App Launched to Simplify Insurance Process in Nigeria Introduction of InsurEase Transparency Scape Insurance Brokers has launched a new app called InsurEase to make insurance policies more accessible, affordable, and convenient for customers in Nigeria. The firm introduced this app to...

HEIRS INSURANCE GROUP ENCOURAGES NIGERIANS TO ADOPT INSURANCE AS A SAFETY NET DURING ECONOMIC CHALLENGES EVENT: The Heirs Insurance Group held its third-anniversary documentary screening and media parley at its headquarters in Lagos. KEY SPEAKER: Niyi Onifade, the CEO of Heirs Life Assurance...

INSURANCE SHAREHOLDERS DEMAND CLEAR RECAPITALISATION ROADMAP 1. Recapitalisation Efforts and Legislative Context: - The Nigeria Insurance Industry Reform Bill 2024 is currently progressing through the National Assembly. - This bill aims to increase the minimum capital requirements for...

SENATE'S PROPOSAL FOR FINES ON UNLICENSED INSURANCE FIRMS 1. Proposed Legislation: - Bill Overview: The Nigerian Senate has proposed a bill titled "Nigeria Insurance Industry Reform Bill, 2024," sponsored by Senator Tokunbo Abiru and 40 other senators. The bill aims to reform the insurance...

PRESTIGE ASSURANCE FOCUS ON RETAIL BUSINESS Key Points from the Announcement: 1. Renewed Focus: - Objective: Prestige Assurance Plc aims to enhance its retail business to reach more customers and strengthen its market presence. - CEO's Statement: Rajesh Kamble, Managing Director/Chief...

RESOLUTIONS PASSED AT AXA MANSARD INSURANCE PLC 32ND ANNUAL GENERAL MEETING HELD ON AUGUST 8, 2024: 1. Approval of Financial Statements: The Audited Financial Statements for the year ended December 31, 2023, along with reports from the Directors, Auditor, and Audit Committee, were received and...

OLD MUTUAL REBRANDS TO emPLE 1. Rebranding Announcement: - Old Mutual Nigeria Life Assurance Company Limited and Old Mutual General Insurance Company Nigeria Limited have officially rebranded to emPLE Life Assurance Limited and emPLE General Insurance Limited. - This change follows...

AIICO INSURANCE PLC PROJECTS HIGHER DIVIDENDS FOR SHAREHOLDERS 1. Dividend Strategy Update: - Commitment to Dividends: AIICO Insurance Plc is considering increasing the portion of its profits allocated to dividend payments. - Statement: This was announced by Mr. Babatunde Fajemirokun...

AIICO INSURANCE SURPASSES N200BN IN CLAIMS PAYMENTS AIICO Insurance Plc has paid out over N200 billion in claims and benefits over the past five years, highlighting its commitment to customer satisfaction and reliability. Key Details: - Total Claims Paid: N200.9 billion from 2019 to 2023. -...

REGENCY ALLIANCE INSURANCE PLC ANNOUNCES DELAY IN FINANCIAL STATEMENT SUBMISSION Regency Alliance Insurance Plc has informed the Nigerian Exchange Limited (NGX), shareholders, and the investing public of a delay in filing its Audited Financial Statement (AFS) for the year ended December 31...

PRICE ADJUSTMENT The equity price of NEM INSURANCE PLC was adjusted today 21st of June 2024 for a dividend of N0.60 as recommended by the company's Board of Directors. The last close price was N9.00 while the Ex-div price is N8.40

EIGHT INSURANCE FIRMS ’ GROSS PREMIUMS RISE TO N367BN The gross written premiums of eight insurance firms in Nigeria increased by 22.43% year-on-year to N367.66 billion in 2023, up from N300.31 billion the previous year. Their profits surged by 177.57% to N68.94 billion from N24.83 billion...

VERITAS KAPITAL ASSURANCE PROFIT GROWS OVER N2BN Veritas Kapital Assurance Plc reported a significant increase in its post-tax profit, rising to N2.75 billion in 2023 from N712.43 million in the previous year. The company's IFRS 17-compliant audited financial results, filed with the Nigerian...