Industry experts have projected that the Nigerian Insurance Industry Reform Act 2025 (NIIRA) will boost the insurance sector’s contribution to the Gross Domestic Product and restore confidence in the industry. …
insurance penetration
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BusinessEconomyFinanceInsurancePoliciesRegulation
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Banking, Finance & InvestmentBusinessFinance & ServicesFintechInsuranceTechnology
PalmPay Launches In-App Insurance Services to Boost Financial
PalmPay, one of Africa’s leading digital banking platforms, has announced new strategic partnerships with top insurance providers in a move to introduce simplified and affordable insurance products directly within its …
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The National Insurance Commission (NAICOM) has said that Nigeria’s ability to secure its future depends heavily on how well the country manages risks and uncertainties across all sectors. The Commissioner …
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EconomyFinance & ServicesInsurancePolicies
Kenya’s Insurance Regulator Moves to Stop Money Laundering in Life Insurance Sector
The Insurance Regulatory Authority (IRA) of Kenya is now making sure that life insurers do not become a way for people to launder dirty money. The move comes after growing …
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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 …