Category: Insurance

92% of personal pension plan accounts dormant — PenCom

Amidst efforts by the National Pension Commission to include informal sector workers in the pension...

Under-30 drive pension growth as 44,837 join CPS in Q4 2025 — PenCom

More young workers under the age of 30 years signed into the Contributory Pension Scheme...

AIICO shareholders approve ₦4.4bn dividend, appoint new directors

Shareholders of AIICO Insurance Plc has given the company approval to pay dividend of 12...

AIICO, AXA account for 61% of ₦288bn insurance claims in 2025

Top insurance companies listed on the Nigerian Exchange paid a combined N288.85 billion in claims...

Lagos court orders 18 insurers to pay IRS airlines millions

A Lagos High Court has ordered Standard Alliance Insurance Plc and 17 other Nigerian insurance...

Mutual Benefits Assurance pays ₦5.94bn claims in January 2026

Mutual Benefits Assurance has paid a total of N5.94bn in claims to policyholders in January...

Reps enrol press corps in FCT health insurance scheme

The House of Representatives has enrolled accredited journalists covering its proceedings into the Federal Capital...

PenCom okays gold receipts for pension funds investment

The National Pension Commission has unveiled a revised regulation that allows pension funds to gain...

FG raises insurance firms’ capital requirements by 500%

The Federal Government raised minimum capital requirements for insurance firms by 500 per cent, giving...

Insurance group call on women to key into AfCFTA opportunities

The Professional Insurance Ladies Association has called on women to key into the various opportunities...

NAICOM directs African Alliance Insurance to resolve pending customer claims

The National Insurance Commission, the key regulating authority for Nigeria’s insurance sector, has directed the...

Third-party insurance premium raises NLIP earnings to N1.79b

The overall premium earned by the Nigeria Liability Insurance Pool in 2023 increased by 51.6%...