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.
Nigerian insurers target N1 trillion premium income as recapitalisation looms
Operators in the Nigerian insurance industry are targeting Gross Premium Income (GPI) of over N1 trillion by the end of the 2023 financial year accord [...]
NAICOM unveils 10-year plan; seven focal points to drive insurance growth
The National Insurance Commission (NAICOM) has unveiled a 10-year transformation plan for the insurance industry in Nigeria, emphasising seven core st [...]
Nigeria’s insurance and insurtech stakeholders unite to improve market penetration
The drive by the National Insurance Commission (NAICOM), insurers and insurtech operators to achieve greater insurance market penetration in Nigeria g [...]
NAICOM: Nigerian insurers paid over N550bn claims in H1 2023
Olorundare Thomas, the Commissioner for Insurance and CEO of the National Insurance Commission (NAICOM), says the Nigerian market paid over N550bn in [...]
Nigerian insurers battle multiple challenges; target new frontiers
The insurance sector in Nigeria has continued to break new ground in the face of multiple daunting market challenges. At the recent annual retreat for [...]
How claims payment drives sustainable growth of insurance business
One of the most contentious issues between insurance firms and policyholders in the African insurance sector is the settlement or payment of claims. A [...]
Agric insurer laments impact of anthrax disease on livestock farmers
Livestock farmers in Nigeria and Ghana are facing existential threats following an outbreak of anthrax disease in west Africa, especially those withou [...]
Takaful insurance CEO says product is for every religious faith
One of the most misunderstood insurance products in Africa is Takaful. Indeed, many believe that Takaful is exclusively for Muslims, leading quite a n [...]
NAICOM seeks greater role for insurers in oil/gas business via local content policy
After many years of lamenting inability to underwrite big-ticket transactions in the lucrative oil and gas sector of the Nigerian economy, due to fina [...]
Nigerian insurers tap local languages to drive publicity of motor rates
The publicity sub-committee of the Insurers Committee in Nigeria will start a publicity campaign for the new premium rates for third-party motor insur [...]