In spite of its ravaging effects on the global economy, experts have said there are opportunities for growth of insurance in coronavirus pandemic.
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Wapic Insurance Plc has recorded a nine percent growth in Gross Written Premium, GWP, for the 2019 financial year at N15.2 billion.
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Insurance firm, Allianz Nigeria, said it settled 53 claims worth over N2.8 million in less than an hour. The company said the development is a fallout of its nationwide campaign to settle motor claims within 60 minutes.
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By Innocent Anaba The National Secretariat of the Nigeria Union of Journalists, NUJ, has called on the Federal Government and other stakeholders to provide life insurance for journalists who are on the frontline in the coverage of the COVID-19 pandemic. The union also called for the provision of adequate and effective Personal Protection Equipment andRead
Following its recent announcement giving premium refunds to customers with active motor vehicle policies during the lockdown period, Wapic Insurance, one of Nigeria’s leading underwriters, has gone further to offer health workers across Nigeria a 15 per cent discount on new policies taken up in 2020 to help cushion financial hardships associated with the COVID-19Read
Zenith General Insurance Limited has released its full-year financial statements for the year ended 31 December 2019, showing positive improvements on a year-on-year, YoY, basis with profit before tax rising by 16 percent to N3.67billion from N3.16billion.
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FBN Holdings Plc, the holding company for First Bank of Nigeria and its former subsidiaries, has announced ongoing discussions to fully divest from its insurance arm, FBN Insurance Business Limited. In a regulatory filing at the Nigerian Stock Exchange (NSE), FBN Holdings stated that
Central Bank of Nigeria has listed insurance cover as collateral to be considered for beneficiaries to access the N50bn intervention fund for Small and Medium Enterprises and the pharmaceutical sector. Recently, the banking regulator introduced the N50bn credit facility as a stimulus package