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New NIA chairman unveils blueprint for insurance sector growth

The incoming Chairman of the Nigerian Insurers Association, Mrs. Ebelechukwu Nwachukwu, has unveiled a strategic blueprint anchored on collaboration, public trust, and regulatory compliance. Vanguard reported that speaking at a pre-investiture press conference in Lagos on Wednesday, Nwachukwu who is the Managing Director of REX Insurance Company Limited said that she also targets transitioning insurance […]

Insurance industry grew by 16.99% in Q3 - NBS
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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 cent year-on-year increase compared to the N209.05 billion recorded in 2024. AIICO Insurance and AXA Mansard together accounted for over 61 per cent of total claims paid. The data, compiled by the Nairametrics […]

Insurance industry grew by 16.99% in Q3 - NBS
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Insurance industry grew by 16.99% in Q3 – NBS

Nigeria’s insurance industry grew by 16.99 percent in the third quarter of the fiscal year 2023. The Punch reported that this was made clear in the National Bureau of Statistics’ third-quarter report on the nation’s gross domestic product, which covered finance and insurance. According to the statement, “The finance and insurance sector is made up of […]