Insurance

Nigeria’s insurance regulator, National Insurance Commission (NAICOM), has introduced new guidelines requiring all insurers and reinsurers to contribute to the Insurance Policyholders’ Protection Fund (IPPF), a move aimed at safeguarding policyholders against insurer insolvency and strengthening confidence in the industry. The new regulatory framework, released through circular NAICOM/DIR/CIR/79/2026, establishes a statutory safety net under the […]

Lagos, Nigeria — Coronation Insurance Plc has announced the launch of MotorMax, an innovative motor insurance policy designed to transform the Nigerian motor insurance landscape by moving motorists beyond basic third-party compliance to affordable, comprehensive vehicle protection. For decades, motor insurance adoption in Nigeria has largely been limited to mandatory third-party coverage. MotorMax addresses this

Coronation Insurance Plc has reported a significant increase in revenue for the 2025 financial year, underscoring strong growth in its core insurance business despite pressure on overall profitability. According to its audited financial results, the company’s insurance revenue rose by 51.4 percent year-on-year to N74.83 billion, up from N49.47 billion recorded in 2024. The performance

The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Olusegun Ayo Omosehin, has reaffirmed the Federal Government’s commitment to strengthening Nigeria’s insurance sector through robust reforms and enhanced regulation. Speaking at the second anniversary of Daily Economy and launch of the book titled “Trends in Nigeria’s Insurance Industry (2005–2025) &