Author: Prince Cookey

Prince CookeyPrince Cookey is an experienced publisher and CEO, and currently is editor of Business Journal. He has previously worked at The Examiner, The Post Express newspapers, Policy magazine and the Financial Standard newspaper.

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Nigeria pilots building insurance scheme as template for nationwide rollout

Nigeria pilots building insurance scheme as template for nationwide rollout

Nigeria’s insurance market is being handed a potential scale opportunity as the regulator positions the newly launched Lagos State Building Insurance [...]
Technology and alliances at the centre of Nigeria’s push for higher insurance uptake

Technology and alliances at the centre of Nigeria’s push for higher insurance uptake

The persistently low level of insurance penetration in Nigeria despite a population exceeding 250 million, is a structural market reality with implica [...]
Revival of Nigerian insurer emphasises the importance of sound management

Revival of Nigerian insurer emphasises the importance of sound management

After 18 months of regulatory oversight, National Insurance Commission (NAICOM) has handed Nigerian life insurer, African Alliance Insurance Plc, to a [...]
Nigeria positions Insurance Week as platform for feedback and market expansion

Nigeria positions Insurance Week as platform for feedback and market expansion

The second edition of Nigeria’s Insurance Week returned with a continued emphasis on product reform and expanding public awareness as the industry see [...]
Nigeria sets stage for policyholders’ compensation with new guidelines

Nigeria sets stage for policyholders’ compensation with new guidelines

Insurance companies in Nigeria will begin contributing 0.25% of their net premium income to a dedicated compensation fund for policyholders in the eve [...]
Nigeria’s regulator assesses capital adequacy of insurers for sustainability before new rules start

Nigeria’s regulator assesses capital adequacy of insurers for sustainability before new rules start

With stricter capital rules on the horizon, Nigeria’s insurance regulator is taking early steps to evaluate insurers’ balance sheets and reinforce the [...]
Insurance-credit data integration could reshape claims management in Nigeria

Insurance-credit data integration could reshape claims management in Nigeria

Nigeria’s insurance regulator is exploring strategic partnership with a credit reference bureau to integrate insurance data and strengthen risk manage [...]
Recapitalisation and collaboration set to shape Nigeria’s insurance market in 2026

Recapitalisation and collaboration set to shape Nigeria’s insurance market in 2026

As the new year rolls in, operators in the Nigerian insurance market believe that recapitalisation and collaboration will drive the industry agenda in [...]
Nigeria urges co-ordinated insurance solutions to strengthen West Africa’s climate risk resilience

Nigeria urges co-ordinated insurance solutions to strengthen West Africa’s climate risk resilience

Climate risk is a financial and developmental risk for insurers and governments alike and requires concerted effort in building resilience since it di [...]
Nigeria urges co-ordinated insurance solutions to strengthen West Africa’s climate risk resilience

Nigeria urges co-ordinated insurance solutions to strengthen West Africa’s climate risk resilience

Climate risk is a financial and developmental risk for insurers and governments alike and requires concerted effort in building resilience since it di [...]
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