Insurance
Mutual funds increase by N1.57t
Speaking on the report, the Research Team Head, Guy Czartoryski, said the report aimed at addressing the challenges in the mutual fund sector of the economy and fast track its
Underwriters settle N4 billion #EndSARS protest claims
The Nigerian Insurers Association (NIA) has said that insurance companies in the country paid N4 billion as claims arising from over 2,000 businesses affected by the #EndSARS protests. The post
PFAs eye alternative investment options to boost revenue uptake
Pension fund administrators (PFAs) in the country have concluded plans to look for an alternative investment option in bonds and treasury bills to increase returns on investments The post PFAs
Insurer reports N19.7b gross premium in Q1
AIICO Insurance Plc has announced that its gross written premium (GWP) grew by 12.2 per cent year-on-year (Y-o-Y) to ₦19.7 billion in the first quarter of 2021 (Q1 2021) The
Allianz acquires 65% stake in Jubilee Insurance
Allianz has announced the completion of the acquisition of a 66 per cent stake in Jubilee Holdings general insurance arm in Kenya for an undisclosed amount making it the majority
NAICOM chief tasks insurers, banks on collaboration, deeper penetration
NAICOM office Mr Sunday Thomas, Commissioner for Insurance, National Insurance Commission (NAICOM), says the insurance and banking sectors can deepen their penetration in Nigeria by looking beyond the traditional distribution
Firm grows PAT by 56 per cent
Despite the challenging operating environment in the country, AXA Mansard Insurance Plc has recorded a 56 per cent growth in profit after tax (PAT) in its audited 2019 financial results.
Underwriters pull N418.8b from motor business in 10yrs
The insurance industry statistic has revealed that underwriting companies in the country generated a total sum of N418.76 billion from motor policy business in 10 years. The post Underwriters pull
Insurer increases GPI with N62 billion
AIICO Insurance Plc has said its audited results for the year ended 31 December 2020 show a rise in Gross Written Premium (GPW) by 23.6 per cent year-on-year to ₦62
PFA boosts investment assets with N674 billion
A pension fund administrator (PFA), Premium Pension Limited, said its assets under management (AUM) grew to N674.30 billion last year, from N625.16 billion in 2019. The post PFA boosts investment
