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News
Why every motorist should consider enhanced third-party insurance cover
5+ day, 3+ hour ago (285+ words) For many Nigerian motorists, purchasing Third-Party Motor only Insurance is simply a legal requirement. While it satisfies the minimum insurance obligation under the law, many drivers are unaware that a standard third-party policy does not provide compensation for damage to…...
Casava Microinsurance, Kuda berth with first insurance product for POS merchants
1+ mon, 1+ day ago (466+ words) As of today, the product is live and already providing protection to Kuda merchants. For as low as N20 a day, a merchant can now protect their device, their business and their livelihood. Until now, no insurance product in Nigeria has…...
Mutual Benefits unveils new website, expanding digital access to insurance solutions
1+ mon, 3+ week ago (368+ words) Mutual Benefits Assurance Plc has announced the soft launch of its newly redesigned corporate website, marking a significant milestone in the company’s ongoing digital transformation journey and reaffirming its commitment to delivering innovative, accessible and customer-focused insurance solutions. The enhanced…...
Third-Party Motor Insurance: Key Facts Every Driver Should Know
2+ mon, 4+ week ago (345+ words) For many drivers in Nigeria, motor insurance is something they think about only when it is time to renew vehicle papers or when asked by law enforcement on the road. In that moment, the focus is often just on “getting…...
How to verify your motor insurance and avoid fake cover
2+ mon, 3+ week ago (680+ words) Technology is transforming how business is done globally, and in Nigeria, it is redefining the motor insurance landscape, giving policyholders power to verify the authenticity of their coverage in real time. Today, with just a mobile phone, motorists anywhere in…...
Universal Insurance to roll out enhanced third-party motor policy
11+ mon, 3+ week ago (282+ words) Universal Insurance Plc said it has developed an enhanced third-party motor insurance cover for its customers and the public, which will be unveiled soon. Jeff Duru, managing director of Universal Insurance while speaking on the future plans of the company,…...
Insurance reform seen ending legacy bottlenecks, drive compliance, policyholder trust
10+ mon, 3+ day ago (329+ words) Leading industry thought leaders have charted a growth path for the insurance sector, seeing the Insurance Industry Reform Act (NIRRA) 2025 bringing to end legacy bottlenecks, improving compliance and driving policyholder trust. The stakeholders who spoke at the Insurance Meets Tech…...
Rex Insurance takes retail products to the streets
10+ mon, 2+ week ago (271+ words) Rex Insurance, a leading player in Nigeria’s insurance sector has moved into the streets of Yaba and the environs with its flagship Retail Street Storm, a bold grassroots initiative aimed at demystifying insurance and promoting policy adoption among everyday Nigerians....
Almond’s influence in insurance grows as stakeholder participation triples
11+ mon, 2+ week ago (272+ words) Almond initiative to galvanise public trust, awareness and increased penetration for growth of insurance industry through awards has seen tripled participation in 2025. Now in its third year, participation for the 2025 edition tripled from 392 nominations in 2024 to 914 nominations this year, underscoring…...
How Insurance Pricing Works – And Why It Matters to You
11+ mon, 3+ week ago (688+ words) What Is Insurance Pricing? Insurance pricing is a complex process that involves calculating the cost of insurance coverage for individuals and businesses. While these costs vary depending on the class of insurance/product, typically, the higher the exposure, the higher…...