Nigeria Insurers Association (NIA) on Wednesday disclosed that risk underwriting companies in the country paid over N5.4bn in claims settlement arising from #EndSARS losses. The association’s Director-General, Yetunde Ilori, made this disclosure at the Surplus Distribution Event held by Noor Takaful Limited and commended the insurance company for its contributions to the industry. The DG […]
The Nigerian Insurance industry business grew by 15 percent year-on-year in 2017, rising to N363 billion up from the N315.96 billion recorded in the preceding year. The immediate past Chairman of the Nigeria Insurance Association (NIA), Eddie Efekoha, gave this hint on Thursday during the association’s 47th Annual General Meeting (AGM) held in Lagos. This […]
The outgoing Chairman of the Nigerian Insurers Association (NIA), Eddie Efekoha, has said that the consolidation agenda initiated in 2017 as part of his team’s strategies to grow the insurance industry resulted in the refund of about N1 billion in form of excess taxes collected from insurance companies nationwide. Efekoha said that the funds were […]