NAICOM bars re-licensing of firms with outstanding claims
As the insurance recapitalisation deadline of July 31st 2026 draws near, the National Insurance Commission has stated that it will not re-license…
Insurance
92% of personal pension plan accounts dormant — PenCom
Amidst efforts by the National Pension Commission to include informal sector workers in the pension scheme, the Personal Pension Plan which caters…
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 in the fourth quarter of 2025, Q4’25,…
AIICO shareholders approve ₦4.4bn dividend, appoint new directors
Shareholders of AIICO Insurance Plc has given the company approval to pay dividend of 12 kobo per share, amounting to N4.4 billion.…
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 in 2025, reflecting a significant 38.17 per…
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 companies, along with a foreign third-party reinsurer,…
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 2026. This payout underlines its strong financial…
Reps enrol press corps in FCT health insurance scheme
The House of Representatives has enrolled accredited journalists covering its proceedings into the Federal Capital Territory Health Insurance Scheme. The initiative followed…
PenCom okays gold receipts for pension funds investment
The National Pension Commission has unveiled a revised regulation that allows pension funds to gain exposure to gold through tradable Gold Receipts…
FG raises insurance firms’ capital requirements by 500%
The Federal Government raised minimum capital requirements for insurance firms by 500 per cent, giving operators one year to meet the new…
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 offered by the African Continental Free Trade…
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 Board of African Alliance Insurance Plc to…