30 results
- 27 Jun 2023
Nigerian Insurers Pool N726.2bn Premium in 2022
Nigerian Insurers Association (NIA) yesterday said that the volume of premium recorded by its member companies in 2022 grew to about N726.2 billion. Mr Olusegun Omosehin, NIA’s Chairman, said this…
- 10 Jul 2017
Only 3m Nigerians Have Insurance Policies, says Adeosun
Mrs. kemi Adeosun, minister of Finance, on Monday said that only three million out of 180 million Nigerians possessed insurance policies to protect themselves from uncertainties. Adeosun, who…
- 19 Aug 2020
Nigeria Insurers Association Considers Growth Strategy with Legislature
The Nigeria Insurers Association, NIA, and the National Assembly are working on a strategy that will boost insurance business in Nigeria. Femi Gbajabiamila, speaker, House of Representatives, has…
- 27 Aug 2013
Some 139m Nigerians without Insurance Cover-NOI Polls
A disturbing figure emerged on Tuesday suggesting that most Nigerians are without insurance cover, a situation blamed on poor enlightenment of the importance of the scheme. This was contained in the…
- 1 Mar 2010
BMI puts Nigerian Insurance Premium Growth at 30%
Business Monitor International, an organisation that provides insurance associations, regulatory bodies and professionals with independent forecasts and competitive intelligence, has stated in its…
- 4 Apr 2024
NIA Moves to Sanitize Operations with Unified NIIP
Underwriters under the aegis of the Nigerian Insurers Association (NIA) have unveiled the Unified Nigerian Insurance Industry Portal (NIIP) in a bid to reform third-party insurance purchase,…
- 16 Jan 2019
NIA to Digitalized Marine Insurance Certificate
The Nigerian Insurers Association, (NIA) has been granted approval to digitalized Marine Insurance Certificate. The approval was given by both the National Insurance Commission (NAICOM) and the…
- 12 Mar 2021
Agusto & Co. 2021 Nigerian Insurance Industry Report: Forging Ahead Despite Headwinds
Agusto & Co. Limited, the pan-African credit rating agency and the foremost business information provider has released its 2021 insurance industry report. The 2021 edition of the annual report…
- 19 Jul 2010
Why NIA is Opposed to Workmen’s Compensation under NSITF—Ladipo-Ajayi
Olusola Ladipo-Ajayi, chairman of the Nigerian Insurers association, (NIA) has reiterated the association’s commitment to its stand that the Nigerian Social Insurance Trust Fund, NSITF, is not…
- 17 Mar 2019
NIA Seeks Tougher Sanctions for Insurance Defaulters
Nigerian Insurance Association (NIA) has canvassed for a complete enforcement of penalties for insurance defaulters, especially, those who violate the Builders’ Liability Insurance and the Occupiers’…
- 27 Jun 2025
NIA Puts Industry Written Premium @ N1.5trn in 2024
Nigerian insurance industry has recorded a gross written premium of N1.562 trillion in the 2024 financial year. Mr Kunle Ahmed, Chairman, Nigerian Insurers Association, disclosed this during the 54th…
- 21 Feb 2012
Motor Insurance Gets Boost as Insurers Comply with NIID Project
With compliance level to the Nigerian Insurance Industry Database (NIID) project, initiated by the Nigerian Insurance Association (NIA), reaching a 95 per cent tall stake, the era of fake insurance…
- 24 Sept 2014
NIA Mulls E-Registration to Curb 75% Fake Marine Insurance Papers
Nigerian Insurance Association (NIA) said it will introduce electronic registration system to the marine sector by the end of this month. The plan, according to NIA, will help curb the…
- 22 Dec 2013
Risks Underwriters to Deploy NIID to Detect Fake Certificates
Nigerian Insurers Association (NIA), umbrella body for risks underwriting companies in the country, said it would deploy the Nigerian Insurance Industry Database (NIID) to check the increasing rate…
- 27 Jun 2013
Insurance Industry Records N240Bn Transactions in 2012
Mr. Remi Olowude, chairman, Nigerian Insurers’ Association (NIA), has said that the volume of business underwritten by the insurance industry in 2012 was estimated at N240 billion. Olowude, gave the…
- 14 Feb 2012
NICON’s Suspension: NIA Gets Commendation
Mr. Stanley Ekhaegbai, Chief Executive Officer of Consumer Welfare Forum, has applauded the decision of the Nigerian Insurers association (NIA) over the suspension of NICON Insurance from membership…
- 23 Aug 2010
Analyst Decries Nigerians low Appreciation of Life Insurance
Spending in the Life insurance sector has dropped significantly in the last two year. This according to experts is not unconnected with the general decline in the economy which cannot be detached…
- 16 Nov 2021
Insurance Firms Rake in N2.1tn Premiums in Five Years – Report
Nigerian insurance companies earned a total gross premium of N2.1tn between 2016 and 2020, according to figures from the Nigerian Insurers Association. The data showed that the industry maintained…
- 22 Nov 2024
Data Commission, NAICOM Partner to Safeguard Data in Insurance Industry
Nigerian Data Protection Commission (NDPC) and National Insurance Commission (NAICOM) have signed a Memorandum of Understanding (MoU) to protect data pilfering in the insurance industry. The…
- 23 Jun 2008
PMM partners NIA on InTech workshop
Private Media Mart is collaborating with Nigerian Insurers Association (NIA) to organize first ever Insurance Technology workshop and exhibition in September this year. Mr. Ejiofor Agada, chief…
- 26 Jul 2010
Expert Tasks Insurers on Rates’ Adjustment in Foreign Reinsurance
Nigerian insurance companies have been urged to effectively adjust their rates as they have resolved to do in order not to fall into the murky waters of effects of a delayed action. This is coming on…
- 12 Dec 2023
Why Some Nigerian Banks Failed - Ibrahim
Umaru Ibrahim, immediate past managing director and chief executive officer, Nigerian Deposit Insurance Association (NDIC), has said that some Nigerian banks failed because of non-compliance with…
- 21 Jun 2010
NIA Reiterates Opposition to Workmen’s Compensation Bill
The proposed bill on employee compensation presently pending in the National Assembly has continued to generate intense oppositions from professionals, especially the Nigerian Insurers Association…
- 28 Oct 2024
NIA says Economic Challenges are Opportunities for Insurance Sector
The newly elected Chairman of the Nigerian Insurers Association (NIA), Kunle Ahmed, has said the increase in foreign Direct Investment (FDI) coming to insurance industry, especially in Q1 2024 and…
- 22 Jul 2025
NIA Questions Legality of Reps’ Financial Probe
The Nigerian Insurers Association has urged the House Committee on Capital Market and Institutions to respect the constitutional separation of powers as it carries out a probe on over 20 insurance…
- 10 Aug 2010
NIA Plans Central Data Base to Enhance Vehicle Insurance
The fake vehicle insurance syndicate which has held the industry captive over the years may finally be mobbed soon, going by feelers emerging from the Nigerian Insurers Association (NIA), the…
- 5 May 2026
Double Recognition for Mutual Benefits at 2026 NIA Awards Ceremony
Mutual Benefits Assurance Plc has recorded a significant milestone as two of its foremost leaders were honoured at the recently held 2026 Nigerian Insurers Association (NIA) Awards & Recognition…
- 14 Jul 2008
Industry Support Grows for Insurance Technology Event
Nigerian Insurance players are gearing up for the forth coming InTechExpo® 2008, the very big thing in the industry in particular and the financial services sector in general. The inaugural…
- 28 Nov 2024
NAICOM Signs Agreement with NDPC on Data Protection in Insurance Sector
The National Insurance Commission (NAICOM), has signed agreement with the Nigerian Data Protection Commission (NDPC) with the aim of enhancing data protection within the insurance sector. According…
- 14 Feb 2022
Insurance Sector’s Total Premium Reached N508bn in 2021
Mr Ganiyu Musa, chairman of the Nigeria Insurers Association (NIA), the umbrella body of insurance underwriters in the country, has said that the insurance sector in 2021 raked in N508 billion Gross…