Author: Prince Cookey
Prince 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.
Regulator, insurers back enforcement of Nigeria’s compulsory third-party covers
The start of enforcement of compulsory third-party motor insurance on Nigerian roads from 1 February 2025 has received backing from insurance regulato [...]
Nigerian insurance market records improved claims management
The Nigerian insurance market posted improved management of claims in the third quarter of last year even as the regulator asked the players to use th [...]
Boost for Nigerian insurers as police enhance compliance with third-party motor cover rules
The insurance market in Nigeria is expecting increased premiums following the decision by the Nigerian Police Force (NPF) to enforce third-party motor [...]
Regulator spooks Nigerian insurers with deadline for settling outstanding claims
The Nigerian insurance industry regulator’s directive for underwriters to settle all outstanding claims by the end of December 2024 as a way of boosti [...]
African Alliance woes raise issues of corporate governance, regulation
On October 30, 2024, the insurance regulator in Nigeria, National Insurance Commission (NAICOM), sacked the entire board and management of African All [...]
Good governance key to deepening insurance penetration, suggests Nigerian regulator
Entrenching good corporate governance is going to be crucial if insurers operating in Nigeria are to solve customers’ pain points and lift penetration [...]
Nigerian regulator outlines role of insurance in driving aviation business in ESG era
Insurers have a chance to drive up the uptake of aviation business as the sector embraces advancements such as electric and hybrid aircrafts in the ra [...]
Nigerian insurers assess claims as hunger protests persist
The ongoing protest against hunger in Nigeria has set off alarm bells in the insurance sector in terms of claims payment as loss of lives and destruct [...]
Addressing poverty and unemployment key to lifting insurance uptake in Nigeria
Insurers in Nigeria are being asked to collaborate with government and other stakeholders in the financial sector in lifting people out of poverty and [...]
NAICOM stresses importance of actuaries, AI in industry growth
Nigeria’s National Insurance Commission (NAICOM) says the insurance sector will experience sustainable growth through adoption of artificial intellige [...]