Inflation, insurgency hampering insurers’ earnings

Inflationary trends on claims and insecurity in Nigeria’s North-east and South-south regions are taking their tolls on operations of insurance companies in the country, according to Cornerstone Insurance Plc. The company, which rode on the back of its retail market to increase its share of business in the Nigeria’s insurance market lamented that inflation and […]

23 insurers risk liquidation on non-rendition of accounts

No fewer than 23 Nigerian insurance firms risk sanctions, which include but not limited to the suspension of their operating licences for non-rendition of accounts to regulators. Mohammad Kari, Nigeria’s Federal Commissioner for Insurance, is said to have instructed the technical department of the commission to put the affected underwriting houses on notice on the […]