Newsroom

News Room News Room
23 Jul, 2015

It is said that to become stronger you sometimes have to take the rough with the good, this cannot be truer for Nigerians at this current moment in time. The...

23 Jul, 2015

In 2003 the renewed Insurance Act (Insurance Act 2003) made 6 insurance types compulsory in the country. The 6 insurance types were made compulsory to protect...

23 Jul, 2015

A recent report carried out by Fast Market Research based in the States claims that Nigeria’s Insurance Industry will grow at an average annual rate of 7.5% between now and 2018. The research...

23 Jul, 2015

It has been a long time coming; finally Nigeria’s Commissioner for Insurance has declared the formation of the Technical Management Board of the Energy and Allied...

23 Jul, 2015

The Nigerian Naira has seen a massive drop off recently, mainly due to the continuous drop of crude oil prices. The Nigerian economy relies heavily on crude oil...

23 Jul, 2015

The 2003 Insurance Act in Nigeria has made building insurance for public buildings compulsory. Over the years, failure of most buildings in Nigeria can be...

23 Jul, 2015

Motor or car insurance is compulsory in Nigeria, like in most economies insurance is not cheap and this has resulted in fake insurance documents as well as people flaunting the rules...

23 Jul, 2015

It was rumoured at recent industry events that the African continent including Nigeria should look at introducing fixed insurance premium tariffs instead of the...

23 Jul, 2015

As detailed in our article “Tough times ahead for Nigeria?” the current Nigerian economy relies heavily on the export of crude oil. This reliability on crude oil...

23 Jul, 2015

Professor Joe Irukwu is the pioneering chairman of NSIA Insurance (Previously known as the African Development Insurance Corporation), has predicted that...

23 Jul, 2015

Experts in Nigeria’s insurance sector are expecting the Nigerian Insurance sector to reach tipping point shortly. This makes the industry ready for consolidation...

23 Jul, 2015

The oil industry in Nigeria is the largest and main generator of GDP. Some ministers in Nigeria claim that the oil industry is “killing the economy” of Nigeria -...

23 Jul, 2015

Last month we wrote a piece about Nigeria relying heavily on the export of crude oil (Tough Times Ahead for...

23 Jul, 2015

The global financial economy is still very unstable; we are seeing countries such as Russia raising their interest rates considerably to ensure the country stays...

23 Jul, 2015

Car insurance in Nigeria accounts for about 26% of the country’s insurance industry’s gross premium. The Nigerian...

23 Jul, 2015

In 1999 the Federal Government of Nigeria approved the initialisation of the National Health Insurance Scheme (NHIS) for workers in the public service. The scheme...

23 Jul, 2015

Earlier on this month there was a one day interactive and enlightenment session on active participation in Formal Sector Health Insurance programme (FSSHIP) at...

23 Jul, 2015

As with most countries, there is a sense of resentment and distrust amongst the population towards insurance companies. The misconception is that insurance...

23 Jul, 2015

A.M. Best Company provides industry news, credit ratings and financial data products/services for the Insurance sector. It is a global credit rating agency; with...

23 Jul, 2015

...recognized and endorsed by Nigeria Stock Exchange for Outstanding Corporate Governance

The year is ending on a bright note for one of Nigeria’s...