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LIB INSURANCE BROKERS LTD

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Posted Jul 5, 2019 | Insurance, Premium, Insurers, Growth, Tax, Claims, Capital

Insurance Sector Recorded N400bn Premium In 2018

The Nigerian insurance sector, in 2018, grew its total premium from N363 billion in 2017, to N400 billion in 2018. This represented a 10 per cent growth in the volume of business written by...

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Posted Jun 21, 2019 | Insurance, Naicom, Capital, Insurers, Reinsurers

Insurers Need $725m To Meet Recap Order

Insurance companies will need $725 million (about N261.5 billion) to meet the new capital requirement of the National Insurance Commission (NAICOM), A...

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Posted May 31, 2019 | Insurance, Premium, Insurers, Life Assurance

Life Insurers Generated N329 Billion Premium From Annuity In 2018

Life insurance operators have generated N328.88 billion premium from annuity since the inception of the Contributory Pension Scheme (CPS).

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Posted May 9, 2019 | Insurance, Tax, Profit, Insurers, Underwriters, Finance

How Insurers’ N37 Billion Tax Affects Industry Growth

About 55 life and non-life underwriting companies in the country have paid N36.5 billion as tax to the government through the Federal Inland Revenue S...

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