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AIICO Insurance Plc has reported gross written premiums of ₦17.6bn, up 23% from the same period in 2019 which was N14.3bn. The growth, according to the company, is driven by sustained positive performance across the major lines of business of the group: retail and corporate & institutional businesses.

Zenith General Insurance Limited has released its full-year financial results for the year ended 31 December 2019. A review of the results showed positive improvements on a year-on-year basis with profit before tax rising by 16% from N3.16bn to N3.67bn while profit after tax rose by 10% up from N2.79bn to N3.06bn. The company also maintained a robust balance sheet closing the year with total assets of N40.1bn and a shareholders’ fund of N25.9bn.

Old Mutual Limited celebrates 175 years of impacting lives across the continent. The key to Old Mutual Limited’s success, according to Vuyo Lee, Old Mutual Group Chief Marketing Officer, is that the company has always taken the long-term view and understood that change, challenge, and opportunity are the only constants.

Tope Adaramola
 
 
The Nigerian insurance industry has continued to see the need to put insurance education at the front burner of its consideration in recent times. Operators have resolved not to be lax anymore about telling all those who care that insurance remains the last hope of the common man, especially at a time of loss or unexpected calamity. In Nigeria, the poor acceptance of insurance, which is due to multifarious reasons, makes the people lag behind their contemporaries in other advanced climes where insurance is life itself. In those countries, everything is insurance. From life, motor, building, household items, shipment etc. Any endeavour that is risk prone has a tag of insurance on them.  

…Sunday Thomas is a thorough bred practitioner– NIA Chairman

…His appointment is a good development—NCRIB

As the euphoria generated by Monday’s confirmation of Mr. Sunday Thomas as the nation’s sixth Commissioner for Insurance lingers, insurance practitioners in the country said that the industry is now on the trajectory of an unprecedented growth.

Following it’s recent announcement giving premium refunds to customers with active motor vehicle policies during the lockdown period, Wapic Insurance has gone further to offer health workers across Nigeria a 15 per cent discount on new policies taken up in 2020.

The nation’s Acting Commissioner For Insurance Mr Sunday Thomas has secured the approval of the Federal Government to now function as the substantive chief Executive Officer of the National Insurance Commission (NAICOM). NAICOM is the regulatory body of insurance and reinsurance companies in Nigeria insurance brokers inclusive.

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