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News
Cornerstone Insurance to Split Life, General Insurance Businesses Following Insurance Industry Reforms
3+ mon, 2+ day ago (293+ words) Cornerstone Insurance Plc has announced plans to separate its life and general insurance operations in compliance with the Nigeria Insurance Industry Reform Act 2025, which abolished composite insurance businesses in the country. In a notice issued on June 12, 2026, the insurer said…...
Cornerstone Insurance Begins Corporate Restructuring to Separate Life and General Insurance Businesses
3+ mon, 3+ day ago (469+ words) Economy | Nigeria Economy Cornerstone Insurance Plc has commenced a major corporate restructuring exercise to separate its life and general insurance operations in compliance with the provisions of the Nigerian Insurance Industry Reform Act 2025. In a regulatory notification to the Nigerian…...
Group life insurance gap leaves private sector workers exposed
5+ mon, 1+ week ago (1067+ words) Group life insurance adoption in Nigeria, despite being a legal requirement under the Pension Reform Act (PRA) 2014, remains low, widening the financial burden on families who lose their loved ones. While employees of the Federal Government Ministries, Departments and Agencies…...
Insurer pays N77bn claims in 2025, signals resilience amid economic headwinds
6+ mon, 1+ week ago (283+ words) By: Sunday Aikulola Date: 5 March 2026 3:22am WAT The insurer, which operates through SanlamAllianz Life Insurance and SanlamAllianz General Insurance, disclosed that the payout covered obligations across its Life and General businesses, reflecting what it described as disciplined underwriting and sustained operational…...