Stock QuotesEurobonds ($)
NIGERIAN EUROBONDS March 16  20215.625% US$300M JUN 2022-103.962/2.446%,  6.375% US$500M JUL 2023– 108.337/2.639%, 7.625% US$1.118BN NOV 2025– 114.581/4.159%,  6.500% US$1.5BN NOV 2027– 106.967/5.250, 7.143% US$1.25BN FEB 2030 – 105.897/6.270%, 8.747% US$1.0BN JAN 2031 – 115.122/6.629%,  7.875% $1.50BN Feb 2032 – 108.095/6.810%, 7.696% $1.25BN Feb 2038 – 103.337 /7.347%,  7.625% $1.50BN Nov 2047 – 102.298 /7.425%, 9.248% $750M Jan 2049 – 115.726/7.848%.
Business Finance Info & Updates

How insurers N43.62b premiums will boost investors’ confidence

The Nigerian insurance market has been faced with different challenges in its efforts to serve the needs of the relevant stakeholders.

As a result, by the National Insurance Commission (NAICOM), the industry regulator has, over time, devised different means in its aim to achieve economic growth and development this.

Currently, some operators are already aware that they may nit scale through the recapitalisation hurdle, as a result of their poor financial statement in 2019, and huge unpaid claims.

However, a few had recorded high performance through their Gross Written Premium (GWP) in 2019, to ensure policyholders of their readiness for the recapitalisation.

Among them are: AXA Mansard Insurance, which pooled GWP of N43.62billion in 2019, up by 29 per cent from N33.92billion recorded in 2018, African Alliance Insurance Plc recorded a 45 per cent jump from N5.17billion in 2018 to N7.5billion, while Anchor Insurance grew its premium income to N5billion during the period in review 2019.

Allianz Nigeria Insurance Plc, had N7.82billion; Cornerstone Insurance Plc, N7.36billion; Sunu Assurance Plc, N7billion; VeritasKapital Assurance Plc, N6.93billion; and Wapic Insurance Plc, N6.69billion, respectively.

Guardian

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