Category: Insurance

PenCom plans new investment vehicle to fund pension industry infrastructure

Nigeria’s National Pension Commission is developing plans to establish a new investment vehicle that could...

NAICOM boss charges NIA to rebuild public trust in insurance

Commissioner for Insurance, National Insurance Commission, Mr. Olusegun Ayo Omosehin, has charged the Nigerian Insurers...

NAICOM bars re-licensing of firms with outstanding claims

As the insurance recapitalisation deadline of July 31st 2026 draws near, the National Insurance Commission...

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...