• About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, October 14, 2025
Bislad News
  • Login
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports
No Result
View All Result
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports
No Result
View All Result
Bislad News
No Result
View All Result

Insurance Operators Pay N149.1bn Claims in Three months 

by Bisi Bamishe
July 31, 2024
in Insurance
Insurers Excite Stakeholders With Innovative Products, Excellent Service Delivery To Deepen Penetration
Share this:

By Bisi Bamishe

The total claims reportedly paid by insurance operators during the first quarter of 2024 stood at N149.1bn which is about thirty-two (31.7%) per cent of all the premiums generated during the period.

The National Insurance Commission (NAICOM), stated this in the industry’s bulletin performance for the first quarter of 2024.

The report stated, “Increased public enlightenment and growing confidence of stakeholders concerning claims settlement is reflected in the volume of gross claims reported in Q1 of 2024.

Read Also:

Leadway Assurance Bags Double Honours at 2025 BAFI Awards

Photo News : STI Celebrates 2025 Customer Service Week

“This is a win-win situation for insurers, policyholders and society at large as stakeholder confidence remains a major determinant of market deepening and sustainability in the long run.”

According to the report, the net claims paid were also recorded at N132.7bn, signifying 89.1% of gross claims reported during the period with the Life segment of the market polling an almost perfect point of 92.7%.

The proportion of net claims settlement against reported claims in the non-life corner of the market was also impressive with a record of 85.9 per cent owing mostly to issues regarding incomplete documentation of claims reports. 

Previous Post

NAICOM Unveils New Agents Licensing Portal 

Next Post

Assumption Of Office: Oloworaran Resumes Duty At PenCom

Bisi Bamishe

Bisi Bamishe

I am a journalist with many years of experience in the field of Insurance and Pension. In 2003, I won Nigeria Media Merit Award of the IGI's Prize For Insurance Reporter of The Year

Related Posts

Leadway Assurance Bags Double Honours at 2025 BAFI Awards
Insurance

Leadway Assurance Bags Double Honours at 2025 BAFI Awards

October 14, 2025
Photo News : STI Celebrates 2025 Customer Service Week
Insurance

Photo News : STI Celebrates 2025 Customer Service Week

October 11, 2025
Sanya By Oyin Olugbile Wins The Nigeria Prize for Literature, 2025
Insurance

Sanya By Oyin Olugbile Wins The Nigeria Prize for Literature, 2025

October 10, 2025
Capital Express Life Assurance Reports 53% Growth ln Shareholders’ Funds For 2024
Insurance

Capital Express Life Assurance Reports 53% Growth ln Shareholders’ Funds For 2024

October 10, 2025
Expert Urges Journalists to Prioritise Regular Health Checks
Insurance

Expert Urges Journalists to Prioritise Regular Health Checks

October 8, 2025
AIICO Celebrates Retiring Employees: Honouring Decades Of Service With Gratitude
Insurance

AIICO Celebrates Retiring Employees: Honouring Decades Of Service With Gratitude

October 6, 2025
Next Post
PENCOM DG : Aisha Dahir- Umar Out, Omolara Oloworaran In

Assumption Of Office: Oloworaran Resumes Duty At PenCom

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Leadway Assurance Bags Double Honours at 2025 BAFI Awards

Leadway Assurance Bags Double Honours at 2025 BAFI Awards

2 hours ago
Photo News : STI Celebrates 2025 Customer Service Week

Photo News : STI Celebrates 2025 Customer Service Week

3 days ago
Sanya By Oyin Olugbile Wins The Nigeria Prize for Literature, 2025

Sanya By Oyin Olugbile Wins The Nigeria Prize for Literature, 2025

3 days ago
Capital Express Life Assurance Reports 53% Growth ln Shareholders’ Funds For 2024

Capital Express Life Assurance Reports 53% Growth ln Shareholders’ Funds For 2024

3 days ago

Bisladnews.com is an online publication of Bislad Communication Network Company. It is a news platform dedicated to providing top news.

Follow Us

Browse by Category

  • Back in the days
  • Business
  • Features
  • Insurance
  • Interview
  • News
  • Opinion
  • Paper Presentation
  • Pension
  • Photo Gallery
  • Politics
  • Sports
  • Uncategorized

Recent News

Leadway Assurance Bags Double Honours at 2025 BAFI Awards

Leadway Assurance Bags Double Honours at 2025 BAFI Awards

October 14, 2025
Photo News : STI Celebrates 2025 Customer Service Week

Photo News : STI Celebrates 2025 Customer Service Week

October 11, 2025
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports

©2024 - Bislad News

No Result
View All Result
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports

©2024 - Bislad News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In