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NDIC Seeks Clarity on Role as Banks’ Liquidator

10/8/2018/Punch Feyisayo Popoola The Nigeria Deposit Insurance Corporation has called on the National Assembly to include in the amendment to the NDIC Act, 2007 a provision that states clearly its… Read more »

Leadway Assurance Boss Commends NAICOM, Insurance Industry on Introduction of Tier-Based Minimum Solvency Requirement Structure

July 31, 2018/Modion Communications Lagos, Nigeria-Following the recent Tier-Based Minimum Solvency Requirement (TBMSR) announced by the National Insurance Commission (NAICOM), the Managing Director/Chief Executive Officer (CEO) of Leadway Assurance Company… Read more »

Uganda Emerges First African Country to E-Risk SME Renewables Under German, ATI-backed RLSF Initiative

July 27/2018/ATI Uganda becomes the first African country to sign an agreement with the Regional Liquidity Support Facility (RLSF), a joint initiative of the African Trade Insurance Agency (ATI) (,… Read more »

Old Mutual Partners with Ecobank to Increase Insurance Penetration in Nigeria

Press Release June 29, 2018/Old Mutual Old Mutual General Insurance Company and Old Mutual Nigeria Life Assurance Company, subsidiaries of the pan-African Insurance giant and leading global financial services group,… Read more »

Rak Insurance Wins 2018 UAE Medical Insurance Company of the Year Award

June 5, 2018/AETOSWire RAK Insurance was named the ‘2018 UAE Medical Insurance Company of the Year Award’ at the 2018 Frost & Sullivan Middle East Best Practices Awards Banquet held… Read more »

Leadway Assurance Launches Campaign to Entrench Savings Culture among Nigerians

May 30, 2018/Modion Communications Nigeria’s leading insurer, Leadway Assurance Company Limited, has recently taken steps to further deepen financial security  in Nigeria by launching a campaign tagged, “Saving Dreams”, which… Read more »

Does Blockchain Represent a Paradigm Shift for Insurance?

25/4/2018/Fitch Ratings Fitch Ratings views blockchain as a potential game-changing technology for the insurance industry over the long term. Benefits could range from significantly reduced operating costs, more accurate customer-specific… Read more »

African Alliance Insurance Says N8.0 Billion Claims Settled in 2017

April 18, 2018/Lexiton Media The Management of African Alliance Insurance Plc has announced that N8.69billion was paid in claims settlement in 2017, a 32.5% increase from the N6.56bn paid in… Read more »

NSE fines African Alliance N46.1m for late account submission

April 16, 2018/The Nation Omobola Tolu-Kusimo •Firm records N21b negative reserve The Nigerian Stock Exchange (NSE) has imposed a fine of N46. 1 million on African Alliance Plc for breaking… Read more »

Guinea Insurance Names Babatunde Oshadiya Managing Director

April 13, 2018/NSE Guinea Insurance Plc wishes to notify its esteemed shareholders and the investing public of the appointment of Mr. Babatunde Oshadiya as the Managing Director of Guinea Insurance… Read more »