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.
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 [...]
As construction risks rise, Nigerian insurers seek new learning tools to remain in business
Insurers are well versed in monitoring emerging risks but it seems building collapse and its attendant pressure on insurers is fast becoming a new hea [...]
The media as engine for insurance growth and penetration in Africa
The growth of the insurance sector in Africa requires a multitude of positive factors such as population, awareness and healthy economy, among others. [...]
Nigerian insurance sector: sustained growth in income, market size, claims payment
Despite challenges of the post-Covid-19 era, the Nigerian insurance sector has continued to compete fairly with its peers in Africa in terms of gross [...]
Flood: how far can Nigerian insurers go on claims as regulator pledges claims will be paid?
The past two months have seen a harrowing experience of flooding in many towns and communities across eight states in Nigeria such as Rivers, Benue, A [...]
Nigerian insurance sector grows 12% to NGN2.3trn in Q2, as Naicom looks to enforce compulsory covers
Nigeria’s insurance market has grown 11.9% quarter-on-quarter with a total asset of about NGN2.3trn.
According to the latest figures from the Natio [...]