emPLE meets NAICOM Recapitalisation Requirement, Bolstering Capital Position And Customer Confidence
By Bisi Bamishe emPLE Nigeria has strengthened its capital position following the publication of her name on the list of approved companies on the official website of the National Insurance Commission (NAICOM), indicating that the company has met the applicable recapitalisation requirements, thereby reinforcing its financial strength and capacity to deliver sustainable value to customers and stakeholders across its Life and General Insurance businesses. This marks a significant milestone in emPLE’s growth journey, reinforcing the company’s financial capacity to meet its obligations, pursue strategic growth opportunities and remain a long-term partner to individuals, families and businesses. The company’s ability to deliver on this commitment was further demonstrated by the payment of over N7 billion in claims by emPLE Life Assurance Limited and emPLE General Insurance Limited in 2025, providing critical financial support to customers and beneficiaries and underscoring emPLE’s track record of standing by its customers when it matters most. Speaking about the development, Olalekan Oyinlade, Managing Director, emPLE General Insurance Limited, said, "Meeting the recapitalisation requirement is...
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