The Institute of Loss Adjusters of Nigeria (ILAN) has announced that professional fees for loss adjusting services have been reviewed for the first time in 34 years. The new fees are set to take retrospective effect from 1 January 2026.
The Nigerian Council of Registered Insurance Brokers (NCRIB) plans to an insurance brokerage marketplace in Aba to extend microinsurance services to traders and small-scale businesses.
The Nigerian Insurers Association (NIA) has started to develop the country's first mortality and morbidity tables for the life insurance market, revealed its Chairman, Kunle Ahmed.
Continental Reinsurance's (Nigeria) [CRe Nigeria] underwriting performance in 2025 and beyond is expected to trend in line with recent years, supported by stricter underwriting guidelines and more controlled business growth, according to AM Best.
The National Insurance Commission (NAICOM) has ruled out any extension of the deadline for the recapitalisation of insurance companies.
The Nigerian Council of Registered Insurance Brokers (NCRIB) has renewed its call for greater unity across the insurance industry, saying enhanced collaboration among market participants could unlock substantial economic value for Nigeria.
Nigerian insurer Guinea Insurance has secured shareholders' approval to significantly bolster its capital base, approving plans to raise up to NGN15bn ($10.9m) in fresh equity and increasing its minimum issued share capital to NGN19bn, as the company positions itself to meet regulatory requirements and pursue growth opportunities.
Nigeria has experienced a notable increase in the utilisation of primary healthcare (PHC) facilities between 2023 and 2025, according to the Coordinating Minister of Health and Social Welfare Muhammad Pate.
Sunu Assurances Nigeria has announced that its shareholders have approved a capital increase of NGN9bn ($6.2m) to meet new statutory capital requirements under a new insurance law.
Nigeria's insurance sector recorded real GDP growth of 20.78% in the third quarter of this year, up from 15.70% in the previous quarter and exceeding growth rates of below 10% seen over the last six quarters, according to the National Bureau of Statistics (NBS).