Rex Insurance has launched a major push into climate-smart agriculture with a strategic partnership with the Nigerian Meteorological Agency (NiMet), to introduce weather-driven index insurance solutions designed to protect smallholder farmers in Nigeria from growing climate risks.
The National Insurance Commission (NAICOM) has said that the deadline of 31 July 2026 for insurance entities to recapitalise their operations would not be postponed.
Nigerian insurance companies will be affected by the ongoing Middle East hostilities in their next reinsurance renewal period, National Insurance Commission (NAICOM) head Mr Ayo Olusegun Omosehin, has said.
The Commissioner for Insurance and CEO of the National Insurance Commission, Mr Olusegun Omosehin, has emphasised the need for sustained collaboration among stakeholders to drive meaningful change in the insurance industry.
The Nigerian government has held discussions focussed on two strategic initiatives: reform and recapitalisation of the Nigerian Agricultural Insurance Corporation (NAIC) and the Renewed Hope Cooperative Reform Programme.
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.