Nigerian Insurers Settle N4bn #EndSARS Claims       The Nigerian Insurers Association has said insurance companies have so far paid N4bn claims from the estimated losses from #EndSARS protests in October last year. The Chairman, NIA, Mr Ganiyu Musa, disclosed this during a virtual press briefing in Lagos...

#EndSARS: 25 Insurance Companies To Pay N20.4bn Claims       Twenty-five insurance companies have recorded claims totalling N20.4bn from losses that emanated from the #EndSARS protests which occurred in the country in October, findings have revealed. Figures obtained from by our correspondent from the underwriters on Wednesday under...

Insurance Sector Contracted By 12.05% In Q4, 2020 – NBS       The insurance sector contracted by 12.05 per cent in the fourth quarter of 2020, latest figures from the National Bureau of Statistics have revealed. Figures obtained from the NBS on the industry’s performance also revealed that...

Fourteen Insurers To Pay N9.7bn #EndSARS Riot Claims         A total of 1,036 individuals and corporates that recorded losses during the recent #EndSARS protests across the country have lodged claims through 14 insurance companies; 667 of the claimants are from Lagos. Fourteen insurance companies will pay about...

Insurance Generates N490bn In 2019 Financial Year   The Nigerian Insurers Association (NIA), has revealed that the volume of business written by the industry rose to N490 billion in 2019, a 15.55 per cent over 2018 level of N413.8 billion. The outgoing Chairman, NIA, Tope Smart, at...

Interests In Insurance, Oil Stocks Drive N93bn Gain   On the second-to-the-last trading day of the year 2019, the nation’s stock market saw a renewed interest of investors, particularly in insurance and oil and gas stocks. Investors gained N93.1bn as the market capitalisation of equities increased from...