Author: Prince Cookey
Nigerian Insurance Bill hangs in balance as President leaves office May 29
As Nigerian President, Muhammadu Buhari, prepares to leave office on May 29, 2023 after eight years in office, operators in the insurance industry are [...]
The importance of financial inclusion and fintech driving insurance adoption
Regulators and operators seem to be realising the benefits of financial inclusion and financial technology (fintech) in driving insurance adoption and [...]
Nigerian and Moroccan insurers deepen partnership via technical agreement
In a move designed to upscale inter-African partnership in the insurance sector, the Nigerian Insurers Association (NIA) and the Moroccan Federation o [...]
Nigerian insurance market sees huge surge in premium income, but claims up too, says Naicom
The insurance market regulator in Nigeria, the National Insurance Commission (Naicom), has released new figures for the sector, revealing that the tot [...]
Nigerian shareholders frown at foreign acquisition of local insurers, frequent recapitalisation
The Independent Shareholders Association of Nigeria (ISAN) has described as pathetic the acquisition of local insurance firms by foreign conglomerates [...]
Nigeria: premium under threat in Q1 as naira and political crises persist
The 2023 business year began on a positive for Nigerian insurers when the industry regulator, National Insurance Commission (NAICOM), raised the third [...]
Nigeria: tight presidential poll signals uncertainty in insurance market
The tight results emanating from the Nigeria presidential election on the 25th of February 2023 is generating a high level of uncertainty in the insur [...]
Nigeria cash crisis could generate huge claims against insurers
Nigeria is in the middle of a cash-crunch crisis resulting from currency redesign policy that did not go as planned in terms of implementation, leadin [...]
Will Nigeria adopt a risk-based capital regime in 2024?
As the Nigerian insurance industry was waking up to the 2023 business year, the regulator, National Insurance Commission (NAICOM), quietly signalled t [...]
Tracing convergence of AI, data, research in insurance growth
As technology continues to play pivotal roles in the global economy in the form of digitalisation, regulators and operators in the insurance sector in [...]