Financial markets
The Nigerian Insurers Association (NIA) has maintained its commitment to legal due process, insisting that its actions are guided by the advice of its solicitors. The association is at the center of a probe by the House of Representatives Committee on Capital Market and Other Institutions into allegations of non-remittance
Stocks
The Financial Conduct Authority (FCA) has expressed concerns over the motor insurance market, citing inadequate claims handling practices among some firms. An analysis of the market found that rising premiums are largely driven by external costs, rather than insurer profits. The regulator pointed to rising vehicle prices, labor costs, and
Stocks
The National Insurance Company (NIC) has shown a steady performance on the Damascus Securities Exchange (DSE), with no change in its stock price on July 22, 2025. The company's shares, listed under the symbol NIC in the Main market category, have maintained a stable trajectory over the past
Financial markets
The Financial Conduct Authority (FCA) has announced that external cost pressures, such as rising car prices and labor costs, are primarily responsible for recent motor insurance premium increases. However, the regulator also identified shortcomings in how some insurers handle claims, including delays and poor customer outcomes. The FCA has emphasized
Financial markets
The House of Representatives has commenced an investigation into the non-remittance of multi-billion-naira revenue by 25 erring insurance companies operating across the country. The chairman of the House subcommittee on capital market and other Institutions, Hon. Kwamoti Laori, expressed displeasure over the absence of the Chief Executive Officers of the
Financial markets
The House of Representatives has taken steps to investigate 25 insurance companies in Nigeria for alleged financial infractions, which have resulted in the loss of billions of dollars in revenue for the federal government. According to Mr. Kwamoh Laori, the Chairman of the House Sub-Committee on Capital Market and Institutions,
Stocks
Adamjee Insurance Company Limited's stock price underwent a significant change on July 21, 2025, according to market data from the Pakistan Stock Exchange. The company's shares closed at 68.68 Pakistani Rupees, a 0.13 Pakistani Rupee increase from the daily weighted average rate of 68.
Stocks
United Insurance Company's stock saw a substantial rise in price on the Damascus Securities Exchange (DSE), marking a significant move in the insurance market category. The stock, trading under the symbol UIC, experienced a notable upswing, with its price reaching as high as 3,799.00. This movement
Stocks
The LIFENET INSURANCE COMPANY has implemented a restricted stock compensation system for its directors, aiming to incentivize them to enhance corporate value and promote shared value with shareholders in the medium and long-term. The system, introduced by the company's Board of Directors, provides eligible directors with ordinary shares
Stock exchanges
Shares of Pakistan Reinsurance Company, trading under the symbol PAKRI-JUL, saw a moderate move in their price on the Pakistan Stock Exchange (PSX) on July 17, 2025, as part of the deliverable future contracts for the period from April 28, 2025, to July 25, 2025, with settlement slated for July
Stocks
The National Insurance Company's shares traded on the Damascus Securities Exchange (DSE) recorded no change in value on July 16, 2025, maintaining a consistent reference price of 6,706.88. The trading session saw a neutral market movement for the company's shares, with the stock opening
Stock exchanges
The National Insurance Company stock remained unchanged on the Damascus Securities Exchange (DSE) on July 16, 2025, with a closing price of 6,706.88 SYP. This stability comes despite a traded volume of 600 shares and a traded value of 3.82 million SYP. The stock's Price-to-Earnings
