₦airaland Forum

Across the world, the insurance industry is perceived as one of the major drivers of the economy due to its capacity to offer a solid framework which can be leveraged on for sustainable growth and development.

It is in the light of this critical role the sector plays that stakeholders expect the Nigerian insurance industry; a major component of the financial market, to overtly and covertly contribute tremendously to the Gross Domestic Product (GDP) and growth of the country’s economy.

Read more here https://www.sunnewsonline.com/nigeria61-insurance-sector-slowly-breaking-iron-ceilings-amidst-headwinds/

Indeed, the swiftness of the COVID-19 pandemic outbreak imposed enormous pressure on all businesses including the insurance business but one of the major challenges it brought up for Nigerian insurers, was the accelerated adoption of digital technologies which resulted in the inability to market or sell insurance products to consumers physically which in turn, reduced the premium income for the industry.

Read more here https://www.sunnewsonline.com/how-naicom-plans-to-boost-insurance-business-with-digital-portal/

Although the 2020 financial year-kicked off with so much expectations from stakeholders in all sectors of the Nigerian economy, the trauma that followed it to the end was such that many never wanted to experience again.

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As the coronavirus pandemic keeps wrecking the world’s economy, and causing downtrends in stocks as well as shutting down economies, Nigerian insurers are worried that the industry recapitalisation exercise will be thwarted.


Read more here
https://www.sunnewsonline.com/insurance-recapitalisation-hanging-in-the-balance/

In a bid to continuously provide access to quality healthcare service to all Nigerians during the COVID-19 pandemic and beyond, AXA Mansard via its Health Management Organisation (HMO); AXA Mansard Health Limited, has launched a telemedicine service.

Read more here https://www.sunnewsonline.com/axa-mansard-launches-telemedicine-services/

As part of its contributions to the COVID-19 combat, LASACO Assurance Plc, said it has offered N1 billion free insurance cover to health workers in Osun State.

Read more here https://www.sunnewsonline.com/lasaco-donates-n1bn-free-cover-to-health-workers/

sectors, corporate bodies, philanthropists and organizations, continues to support and donate towards the fight to contain the global scourge, COVID-19, the insurance industry, likewise, is not relenting on its oars towards eradicating the coronavirus.

Read more here:
https://www.sunnewsonline.com/insurers-partner-fg-others-on-fight-against-covid-19/

Stakeholders set agenda for insurers on COVID-19 pandemic

As nations of the world continue to battle to eradicate the COVID-19 pandemic now ravaging the global economy and well-being, insurance stakeholders have been speaking on their expectations of insurers during the trying times.

Read more here:

https://www.sunnewsonline.com/stakeholders-set-agenda-for-insurers-on-covid-19-pandemic/