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...
FEPSAN, Others Target 3.9m Farmers For Insurance
To tackle climate change risk effects on farmers in the country, Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN), in partnership with the Pan-African agricultural insurance advisory firm has unveiled an innovative insurance package for smallholder farmers.
The risks...
NSIA Launches Travel Insurance Policy
The NSIA Insurance said it has enlarged its product portfolio through the addition of INSIA Travel Insurance policy. Managing Director of the company, Mrs Ebelechukwu Nwachukwu, said the introduction of the Travel Insurance product was the company’s response to its...
Insurance Firms' Total Assets Hit N1.08trn
The total assets of 58 Insurance Companies in the country have increased to N1.08 trn with the figure expected to rise to about N1.2 trillion by the time all underwriting firms release their 2018 financial statements.
Total Assets refers to...
Insurance Records 13.9% Growth In Oil Businesses In A Decade
The insurance sector in the past ten years (2008-2017), recorded the highest cumulative average growth rate of 13.9 per cent in oil and gas business.
But between 2015 and 2017, the sector recorded the highest growth...
