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News
Recapitalisation: I prayed in church that no insurance company licence should be cancelled – Omosehin
14+ hour, 12+ 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....
Sanwo-Olu, other stakeholders set to open African Reinsurance workshop for journalists |
1+ day, 4+ hour ago (722+ words) The Lagos State Governor, Babajide Olusola Sanwo-Olu and other key stakeholders are billed to formally open two-day Africa Reinsurance Corporation-backed workshop for Nigerian journalists next week. Already, penpushers have started intense online engagement on how to confront and resolve low…...
Insurance, a strategic instrument for economic stability — NAICOM
3+ day, 15+ hour ago (153+ words) The National Insurance Commission (NAICOM) has disclosed that insurance is far more than financial service “It is a strategic instrument for economic stability”. Speaking at the 2026 Insurance Professionals Forum in Abeokuta, Ogun State, the Commissioner for Insurance, Mr Olusegun Omosehin…...
Insurance Must Drive Nigeria’s Economic Transformation – NAICOM
3+ day, 16+ hour ago (401+ words) The National Insurance Commission (NAICOM) has called for a fundamental repositioning of Nigeria’s insurance industry, as operators moved from a traditional indemnification role to become a strategic driver of economic growth, stability and resilience. The commissioner for Insurance and chief…...
Insurance Industry Needs Stronger Capital, Innovation To Survive Emerging Risks — NAICOM
3+ day, 17+ hour ago (631+ words) Thu Sep 10, 2026 September 10, 2026 4:52 PM GMT+1 The National Insurance Commission (NAICOM) has called for stronger capitalisation, improved technology, sound governance and greater insurance inclusion to build a more resilient insurance industry in Nigeria. Commissioner for Insurance and Chief Executive Officer of…...
South Africa Carries Outsurance as Australia Takes the Weather
3+ day, 22+ hour ago (382+ words) Outsurance lifted normalised earnings 20.9% to R6bn for the year to June and declared a special dividend of 87.5c a share, taking full-year special distributions to 117.8c on top of an ordinary dividend of 291.5c, itself 22.7% higher. Headline earnings per share rose 23.5% to 368.5c and normalised…...
Recapitalisation empowers insurers to protect manufacturing sector — Report
4+ day, 1+ hour ago (267+ words) Following the conclusion of the insurance industry recapitalisation exercise, the sector is now expected to protect Nigeria’s manufacturing sector against costly industrial risks. It is also expected to have significant implications for manufacturers whose operations are exposed to risks ranging…...
Nigeria targets 10% insurance penetration by 2031 as ISSP launches five-year plan
4+ day, 17+ hour ago (473+ words) Nigeria’s insurance sector is set for a five-year strengthening programme aimed at raising insurance penetration from 0.5 percent of gross domestic product (GDP) to 10 percent by 2031 and expanding coverage to more than 55 million beneficiaries. The initiative, known as the Insurance Sector…...
Insurance industry crosses Shs1 trillion mark
4+ day, 12+ hour ago (118+ words) The insurance industry has crossed the Shs1 trillion mark in gross written premiums for the first time at half-year, reaching Shs1.094 trillion by June 2026, up 7.68% year-on-year. Life insurance is closing the gap with non-life, growing 30% to Shs524.14 billion. The Insurance Regulatory Authority says…...
Digital Insurance
5+ day, 5+ hour ago (42+ words) tbsnews.net From days to minutes: Shanta Life rewrites insurance experience thru digitalisation According to company data, total revenue in the second quarter of 2026 increased by 1,012% year-on-year. Monthly revenue also grew by approximately 167% from June to July....