Niyi Onifade, MD/CEO Heirs Life Assurance, a member of the Heirs Insurance Group, charged insurance regulators to adopt Heirs Insurance Group’s digital framework as the minimum industry standard to drive insurance accessibility and service quality across the country.      Onifade made this call during the panel discussion at the 2nd edition of the United Capital […]

The Board of Directors, Noor Takaful Limited, a composite Takaful insurance firm in Nigeria, has announced a sum of N4.97 billion as the gross contribution for the 2022 financial year. The announcement is contained in the annual report and accounts of the company, which was made available during the 6th Annual General Meeting of the […]

Leadway   Assurance,   a   leading   player   in   Nigeria’s   insurance   industry,   has been named “Company of the Year” at the prestigious Insurance Meets Tech (IMT)   Conference   2023. The   award   recognizes   Leadway’s   remarkable achievement of being the *rst Nigerian insurer to cross the 100 billion Naira Gross   Premium   Income   mark   in   2022,   demonstrating   its   commitment   to excellence, innovation, […]

The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation   (NDIC),   Mr.   Bello   Hassan,  has  called  upon  the  Institute  of Chartered  Accountants   of  Nigeria   (ICAN)  to incorporate   courses  on  the Deposit   Insurance   System   (DIS)   into   its   educational   programs   and modules.   Mr.   Hassan   made   the   call   during   a   courtesy   visit   by   the Governing Council Members of […]

Heirs Insurance Group, Nigeria’s fastest-growing insurer, has announced the launch of Nigeria’s first-ever digital insurance space – the Heirs Insurance Experience Centre.         Located on the ground floor of the Transcorp Hilton, Abuja, the experience centre provides a comprehensive one-stop shop for all insurance products and services offered by the Group.   […]

…As AIICO Commences Implementation  The International Financial Reporting Standards (IFRS 17) Project Manager at AIICO Insurance Plc, Mr. Mayowa Korode has revealed why IFRS 17 was developed. He said the IFRS 17 was developed “To bring consistency to financial reporting around the globe for companies reporting under IFRS 17, and to compare insurance companies to […]

Leading insurtech startup Gamp has announced its partnership with one of Nigeria’s leading insurance companies, Leadway Assurance, to deliver Africa’s first insurance, after-sales support, and repair services for devices in Nigeria.   The partnership announced by the organisations is aimed at providing device insurance for individuals and businesses. The device insurance plan covers the cost […]

Dividends to Depositors and other stakeholders of 20 Banks In-Liquidation following impressive recoveries from debtors and realisation of assets of banks in liquidation,   the   Nigeria   Deposit   Insurance   Corporation   (NDIC)   has   announced declaration   of  N16.18   billion   liquidation   dividends   to   depositors,   creditors   and shareholders   of   20   banks   in-liquidation.   To   this   end,   the   Corporation   has commenced verification […]

Tune Protect EMEIA (“Tune Protect”) has entered into a strategic partnership with Leadway Assurance Company Limited. The leading digital travel technology facilitator in the Europe, Middle East India & Africa, partners the leading insurance company in Nigeria along with Tune Protect Re, Malaysia, to cater to various travel and lifestyle assurance products via the digital […]

  …..Develops Flexure To Bridge Penetration Gap     AIICO Insurance Plc has lamented the low insurance penetration in the country, advocating increased digital sales of insurance products and services to close the huge gap.   According to the company, Nigeria with over 200 million people only has an insurance penetration rate of 0.5 percent. […]