AXA Mansard Health’s International Healthcare Plan, iMED, offers Nigerians access to comprehensive medical coverage for cancer, as well as critical medical procedures such as organ and bone marrow transplants, and international emergency medical assistance at leading healthcare facilities in Nigeria, the United States, the United Kingdom and Dubai. According to estimates by the Global Cancer Observatory (GLOBOCAN), more than 150,000 new cancer cases are diagnosed annually in Nigeria, with over 90,000 deaths recorded each year. Among men, prostate, colorectal and liver cancers remain the most commonly diagnosed, while breast, cervical and colorectal cancers account for the highest incidence among…
Author: orientalnewsng
Yemisi lzuora AXA Mansard Insurance Plc has sustained its growth momentum in the first half of 2026, posting a 14 per cent increase in profit after tax to ₦7.8 billion while reaffirming that it is well positioned to meet the new minimum capital requirements under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The insurer’s half-year performance comes as insurance companies intensify efforts to strengthen their balance sheets ahead of the industry’s recapitalisation programme, with operators increasingly focusing on underwriting discipline, digital transformation and business expansion to improve profitability despite macroeconomic headwinds. The company’s unaudited financial results showed that…
Yemisi lzuora In the wake of the insurance industry recapitalization, AXA Mansard has called on insurance journalists to go beyond reporting industry developments and take on a more deliberate role in interpreting and translating complex insurance issues into relatable insights that help Nigerians understand how such developments impact their lives. The call was made by the Head of Marketing, AXA Mansard, Olusesan Ogunyooye, during the inauguration of the newly elected executives of the National Association of Insurance and Pension Editors (NAIPE). Congratulating the new leadership of the association, Ogunyooye commended NAIPE and its members for their longstanding contribution to bridging…
Yemisi lzuora AXA Mansard Health has been named Health Maintenance Organisation (HMO) of the Year by Afriglobal Medicare, a recognition that underscores the growing role of private health insurers in expanding access to quality healthcare as Nigeria records increased health insurance coverage under ongoing sector reforms. The award comes amid renewed efforts by the Federal Government and the National Health Insurance Authority (NHIA) to deepen health insurance penetration, strengthen primary healthcare delivery and accelerate progress toward universal health coverage through greater public-private sector collaboration. Presented by Afriglobal Medicare, an ISO-certified diagnostic and healthcare provider, the award recognises AXA Mansard…
Yemisi lzuora The Lagos University Teaching Hospital (LUTH) has honoured AXA Mansard Insurance Plc with Community Hero Award. The award recognizes AXA Mansard support to the Blood Transfusion Centre and specifically for its sustained efforts to promote voluntary blood donation and support access to life-saving blood for patients. The recognition underscores the growing importance of private-sector involvement in addressing blood shortages within Nigeria’s healthcare system, where hospitals continue to depend significantly on voluntary donors to meet the needs of patients requiring transfusions, particularly in emergency and critical care situations. The award followed a series of employee-led blood donation drives organised by…
*By: Mrs. Ekeoma Ezeibe, FCIB* Section 15(1) of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, which was signed into law by the President of the Federal Republic of Nigeria on 31st July 2025, provides for the recapitalisation of insurance and reinsurance companies. It prescribes the minimum capital or risk-based capital requirements, as determined by the National Insurance Commission (NAICOM), whichever is higher, depending on whether the company is engaged in Life, General Business or Reinsurance. Sub-section 6 of that section requires existing companies to comply with the provision within one year of the Act coming into effect. Sub-section…
Dr. Lucas Durojaiye, MD/CEO, Sovereign Trust Insurance PLC Yemisi Izuora After successfully meeting the new recapitalisation requirement for non-life insurance companies prescribed by the National Insurance Commission (NAICOM), under the Nigeria Insurance Industry Reform Act, (NIIRA) 2025, Sovereign Trust Insurance Plc (STI) one of Nigeria’s leading insurance companies is now more determined to make monumental strides toward achieving its set goals. This feat has reinforced the Company’s financial strength and commitment to long-term growth. The achievement marks another significant milestone in the Company’s journey of building a stronger, more resilient and future-ready insurance business, while positioning it to take advantage of…
By Sola Adebawo Nigeria has spent decades proving that it can find and produce oil. Its harder problem has been persuading global capital to develop the oil it already knows is there. That is why President Bola Ahmed Tinubu’s latest deep offshore investment framework deserves more attention than another headline about a potential US$50 billion investment. The Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026 is intended to establish clearer and more predictable conditions for qualifying deep offshore projects. The Presidency says the framework could unlock up to US$50 billion in new investment, with Bonga South…
Yemisi lzuora HR Expo Africa, has honoured the General Counsel and Human Resources Director of AXA Mansard Insurance Plc, Omowunmi Mabel Adewusi.Adewusi, received the Lifetime Achievement Award in recognition of her outstanding contributions to the human resources profession and her enduring impact on organisational development and people management. According to HR Expo Africa, the award recognises her outstanding contributions to the human resources profession and her sustained impact in shaping people-focused strategies and organisational culture over the course of her career. HR Expo Africa is a leading platform that celebrates excellence in human capital development, recognising individuals and organisations that…
Yemisi lzuora Former commissioner for Insurance/CEO, National Insurance Commission(NAICOM), Alhaji Mohamed Kari has advised the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele to reject calls for regulatory concessions in the midst of the just concluded insurance industry recapitalisation exercise in the country. The call, he said, is unnecessary especially, when the companies clamouring for such concessions were chronic defaulters whose failure or strict regulatory discipline poses absolutely zero systemic risk to the Nigerian financial system or the broader economy. Recall that NAICOM had requested insurance companies, as part of the recapitalisation process, to transfer…