Nigeria and Peru Insurance Updates
7 articles from 4 countries
In Nigeria, Heirs Insurance reported significant premium growth and claims payouts, while NAICOM commits to developing Takaful insurance and Guinea Insurance secured a new license post-recapitalization. Meanwhile, Peru's Indecopi fined Mapfre Seguros for a delayed insurance payout.
Insurance, Technology Conference Reschedules for Nov
- The fifth edition of Insurance Meets Tech (IMT 5.0) has been rescheduled to ensure the quality and stakeholder experience remain high. - Organizers decided to move the date to safeguard the platform's integrity and avoid compromising the expected standard. - The additional time will allow the team to refine all aspects of the event for a successful conference.
Peru's Indecopi Fines Mapfre Seguros Over $5,000 for Delayed Insurance Payout
- Peru's Indecopi has fined Mapfre Seguros 19,195 soles (approx. $5,200 USD) for failing to promptly pay a consumer's temporary disability claim. - The consumer was injured in a traffic accident and s…
UAE insurance premiums jump 15% to Dh74.8 billion as health and property cover grow
- UAE insurance premiums grew 14.9% to Dh74.8 billion in 2025, driven by health and property coverage. - Mandatory health insurance for private sector employees and domestic workers boosted the sector…
Summer House Flooded Last Year; Nick Kjær Bought It Anyway: "Worst Case, There's Insurance to Cover It"
- Despite rising sea levels and flood risks, demand for beachfront summer homes remains high, according to real estate agents. - Nick Kjær, 41, recently purchased a summer house in Karrebæksminde that…
Heirs Insurance Announces N115bn Premium, Pays N19.4bn Claims
- Heirs Insurance Group reported a 88.5% increase in gross written premium to N115 billion for 2025, with earned insurance revenue rising 70% to N53.4 billion. - The group paid N19.4 billion in claims…
NAICOM Expresses Commitment to Unlocking Takaful Insurance Potential in Nigeria
- Nigeria's National Insurance Commission (NAICOM) is committed to developing the Takaful insurance sector to expand insurance penetration and financial inclusion. - A delegation from the Islamic Fina…
Guinea Insurance Secures New Operating License After Recapitalization
- Guinea Insurance received a new operating license from Nigeria's National Insurance Commission (NAICOM) after completing its recapitalization. - The company's capital now exceeds the N15 billion min…