Enterprise Life Assurance Nigeria has announced the appointment of Nelson Akerele as its new Managing Director, succeeding Mrs. Funmilayo Omo, who stepped down after five years of leading the firm. …
Insurance
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BusinessBusiness InsightsFinance & ServicesInsuranceLeadershipNigeria
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Business InsightsEconomyFinance & ServicesFintechInsuranceINVESTMENTNigeria
Less Than 2 Million Nigerians Buy Insurance Yearly – Stakeholders Raise Alarm at Investment Summit
Industry experts and financial stakeholders have revealed that fewer than two million Nigerians buy insurance policies annually, a figure that highlights a deep gap in coverage and awareness within the …
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BusinessDevelopmentGOVERNMENTInsuranceSales Strategy
Insurance Regulator Urges Data-Driven Risk Management for National Growth
The Commissioner for Insurance and CEO of the National Insurance Commission (NAICOM), Mr. Olusegun Omosehin, has called on public and private institutions in Nigeria to adopt a data-driven and proactive …
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AgricultureBusinessInsuranceLeadership
Florence Onwanuokwu Takes Over as Acting MD/CEO of Nigerian Agricultural Insurance Corporation
The Nigerian Agricultural Insurance Corporation (NAIC) has announced the appointment of Mrs. Florence Onwanuokwu as its new Acting Managing Director and Chief Executive Officer. Her appointment follows the completion of …
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The insurance team of the Nigeria Liquefied Natural Gas (NLNG) is making moves to understand more about energy and special risk insurance policies, especially as the energy sector continues to …
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BusinessCyber securityInnovationInsuranceTechnology
Insurers, Tech Leaders Urged to Drive Ethical AI Adoption in Nigeria
As artificial intelligence (AI) keeps transforming industries globally, Nigerian insurance firms and Chief Information Officers (CIOs) have been advised to lead in adopting the technology ethically and strategically. At the …
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DevelopmentEconomyEducationFinance & ServicesInsurance
FRC, NADP lament dearth of actuarial professionals
The Financial Reporting Council of Nigeria (FRC) and the Nigerian Actuarial Development Programme (NADP) have raised alarm over the shortage of actuarial professionals in the country. This was discussed during …
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BusinessEnergyFinance & ServicesInsuranceINVESTMENTNigeriaWestern Africa
AfrexInsure Partners with Oando to Strengthen Investment Protection
AfrexInsure, the speciality insurance subsidiary of the African Export-Import Bank (Afreximbank), has onboarded Oando Plc as a strategic partner to protect the bank’s investment in Oando’s operations in Nigeria through …
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BusinessFinance & ServicesInsuranceNigeriaWestern Africa
IEI, Mutual Benefits Delay Filing of 2024 Annual Reports
International Energy Insurance Plc (IEI) and Mutual Benefits Assurance Plc have announced delays in filing their audited financial statements for the 2024 financial year. The companies disclosed this in separate …
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Banking, Finance & InvestmentBusinessFinance & ServicesInsuranceINVESTMENTNigeria
Digital insurance firm wins Insurtech awards of the year at the business day
Nigerian startup, Cassava, a 100 per cent digital insurance company, has said it was recently recognised at the Business Day BAFI Awards as the InsurTech of the Year. According to …