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insurance and pension news
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News
Recapitalisation: I prayed in church that no insurance company licence should be cancelled – Omosehin
13+ hour, 32+ min ago (295+ words) The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Olusegun Ayo Omosehin, has stated that he offered personal prayers in church to prevent the revocation of any insurance operator’s licence during the industry recapitalisation exercise....
Over 36m small businesses at risk as only 3.17m Nigerian MSMEs hold insurance coverage
1+ week, 2+ day ago (450+ words) Over 36 million Micro, Small, and Medium Enterprises (MSMEs) in Nigeria are exposed to catastrophic operational risks and economic shocks, as findings from the Insurance Sector Strengthening Programme (ISSP). reveal that only 3.17 million – eight per cent, out of the country’s 39.65 million…...
Photos: Faces at ongoing NCRIB-LAC 4th edition of insurance quiz competition for universities, polytechnics in Lagos
1+ week, 5+ day ago (25+ words) Inspenonline Students at the event Students at the event...
Coronation Insurance, Coronation Life Assurance launch “For Every Moment” campaign to deepen awareness in Nigeria
1+ week, 6+ day ago (309+ words) Coronation Insurance Plc and Coronation Life Assurance Limited have launched a new nationwide campaign, “For Every Moment,” aimed at deepening insurance awareness and encouraging more Nigerians to see insurance as an important part of everyday life. Running from September through…...
Why millions of Nigerians still ignore Insurance despite rising economic risks
2+ week, 6+ day ago (296+ words) In an era defined by relentless economic headwinds, ranging from surging inflation and currency fluctuations to climate-related disasters, a reliable financial safety net has never been more crucial. Yet, a glaring paradox exists in the country’s financial services sector: as…...
Alliance & General Insurance pledges greater value to customers
2+ week, 6+ day ago (306+ words) Alliance & General Insurance Plc has achieved a significant milestone with the successful completion of its recapitalisation exercise, reaffirming the Company’s financial strength, regulatory standing and readiness for the next phase of growth. The Company successfully exceeded the ₦15 billion minimum capital…...
Underwriters to watch in Nigeria’s new insurance era
3+ week, 5+ day ago (219+ words) Following the successful completion of the sector-wide recapitalisation exercise, the Nigerian insurance industry has ushered in a transformative era. With the National Insurance Commission (NAICOM) strictly enforcing enhanced capital thresholds, balance sheets across the market have expanded dramatically, positioning robust…...