Heirs Insurance Group says it has recorded over three million customers in five years of its existence in the Nigerian insurance sector through transformative products and services.

Mr. Niyi Onifade, Managing Director/CEO of Heirs Life and Sector Head of Heirs Insurance Group said at a media engagement session to celebrate five years of the Group in Lagos that Heirs came to transform the market by leveraging on technology and customer-centric products and services.

Onifade described Heirs as a digital insurance group that has a track record of over N21 billion claims payment for the Group (General & Life) in 2025, N7.5 billion profitability and N136 billion in total assets in just five years of operation in the Nigerian insurance space.

He added that Heirs also considers sustainability as an integral part of its business model.

“We take sustainability seriously because we believe that every business must have impact on the society. We believe in building the market and building the nation to improve lives and transform society. The next 50 years is anchored on building to last, by solidifying what we have been able to achieve and it would be about Africa-Heirs Insurance Group of Africa.”

Mr. Wale Fayemi, Managing Director/CEO of Heirs General said the vision of Heirs is to democratise insurance in Nigeria to ensure that every segment of the population has access to innovative insurance products and services.

“We plan to make insurance simple through adoption of technology to lead the way. With insurance, the economy will grow. We came to tackle the trust deficit in the insurance industry and we’ve transformed the market and the economy.”

SUPERNEWS Nigeria has announced the Managing Director/Chief Executive Officer of Universal Insurance Plc, Dr. Jeff Duru as the Chairman of its highly anticipated annual conference and 10th Anniversary celebration slated for July 7, 2026.

Similarly, the Group Managing Director/CEO of Royal Exchange Plc, Mrs. Idu Okeahialam will deliver the keynote paper at the annual conference which is presently in its 4th edition.

The conference themed; ‘Local Content & Digitisation: Building Synergy Between Oil & Gas and Insurance Sectors for Inclusive Growth’ will take place at Oriental Hotel, 3 Lekki Road, Victoria Island, Lagos, at 10:00 am prompt.

The event is expected to attract regulators, operators, sectors’ chief executives, policymakers, civil society organisations, media practitioners, students, among other stakeholders.

The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin, has confirmed his participation as a Special Guest of Honour while the President, the Nigerian Council of Registered Insurance Brokers (NCRIB), Mrs. Ekeoma Ezeibe will equally grace the occasion.

Erudite and prominent speakers ready for the conference include the Managing Director/CEO, Stanbic IBTC Insurance Limited, Mr. Akinjide Orimolade and the Managing Director/CEO, Guinea Insurance Plc, Mr. Ademola Abidogun.

Others include the MD/CEO, Deepshores Energy Limited, Mrs. Nneka Obi and Professor Olajide Fadun of the Department of Insurance and Actuarial Science, University of Lagos.

Speaking on the rationale behind the choice of the conference theme, the Publisher of SUPERNEWS Nigeria and the convener of the epoch-making event, Ngozi Onyeakusi, explained that the whole effort was geared towards providing insight on how both sectors can leverage technology-driven solutions to strengthen synergy to overcome challenges associated with the implementation of Sections 49 and 50 of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act.

She noted that the provisions of Sections 49 and 50 of the Act mandates operators involved in oil and gas activities to ensure all insurable risks connected to their businesses are covered with insurance companies and brokers registered in Nigeria.

The Act further stipulates that where an operator seeks to place an insurable risk offshore, a written approval of the National Insurance Commission (NAICOM) must first be sought and obtained and that NAICOM, prior to the issuance of the approval, must first determine that local capacity has been fully exhausted.

In a bid to smoothen the implementation and compliance to the Act, the Nigeria Content Development and Monitoring Board (NCDMB) and NAICOM in 2022 launched the relevant guidelines which was expected to address the loopholes that were identified in implementing the provisions of the Act, particularly, Sections 49 and 50.

However, research has shown that insurance firms before now still faced lots of challenges ranging from capital inadequacy among others.

With the birth of the Nigeria Insurance Industry Reform Act (NIIRA) 2025, the insurance industry is now positioned for global competitiveness while the ongoing recapitalisation exercise is expected to pave way for big, strong and reliable insurance firms.

The conference therefore provides a veritable platform for robust deliberation on how digitisation, policy reforms, and implementation of local content guidelines can drive inclusive growth and sustainable partnership between the oil & gas and insurance industry.

• New Platform Enhances Customer Experience, Enables Online Purchase of General Insurance Products and Introduces Self-Service Capabilities

Mutual Benefits Assurance Plc has announced the soft launch of its newly redesigned corporate website, marking a significant milestone in the company’s ongoing digital transformation journey and reaffirming its commitment to delivering innovative, accessible and customer-focused insurance solutions.

The enhanced platform has been developed to provide customers with a faster, more intuitive and seamless digital experience, making it easier than ever to engage with Mutual Benefits’ products and services from anywhere and at any time.

As part of this first phase of deployment, customers can now conveniently purchase selected General Insurance products online, create secure personal accounts and access dedicated customer dashboards designed to simplify policy interactions and improve overall service experience.

The launch reflects Mutual Benefits’ broader vision of leveraging technology to deepen insurance penetration, improve customer convenience and provide digital-first solutions that meet the evolving needs of individuals and businesses.

Commenting on the rollout, Gideon Ayogu, Head of Marketing & Communications at Mutual Benefits Assurance Plc, described the launch as an important step towards building a more connected and customer-centric insurance experience.

“The launch of our new website represents much more than a digital upgrade. It reflects our commitment to making insurance simpler, more accessible and more responsive to the needs of today’s customer. We are creating a platform that empowers customers to interact with us on their terms while laying the foundation for a broader digital ecosystem that will continue to evolve over time.”

He added: “As customer expectations continue to shift towards convenience, speed and self-service, we are investing in digital capabilities that enhance accessibility and improve the overall customer journey. This launch is the first of several strategic enhancements that will further strengthen how customers engage with the Mutual Benefits brand.”

The new platform features an improved user interface, streamlined navigation, mobile-friendly functionality, enhanced product information architecture and a secure account management environment designed to support a more personalised customer experience.

Mutual Benefits noted that the current release represents the first phase of a broader digital roadmap. Additional capabilities, products and self-service functionalities are currently in development and will be introduced in subsequent phases as the company continues to expand its digital offerings.

The soft launch period will also provide an opportunity for the company to gather customer insights and feedback to further optimise the platform and ensure it continues to meet the expectations of users.

As one of Nigeria’s leading insurance brands, Mutual Benefits remains committed to leveraging innovation and technology to create greater value for policyholders, while advancing its mission of creating and protecting wealth.

Customers, partners, and stakeholders are encouraged to visit the new website and explore the enhanced digital experience.

AIICO Insurance Plc has reinforced its position as a leading player in Nigeria’s insurance and financial services sector, following a successful Annual General Meeting (AGM) held on June 5, 2026, where shareholders commended the company’s performance and approved all resolutions presented.

In a strong show of confidence in the company’s growth trajectory and strategic direction, shareholders approved the payment of a dividend of 12 kobo per share, amounting to ₦4,392,633,121.44.

The meeting also marked a significant evolution in the company’s governance structure with the appointment of three accomplished professionals to the Board as Non-Executive Directors:

• Tunde Mabawonku joins as a Non-Executive Director, bringing over two decades of experience across banking, finance, strategy, and corporate services, with a strong background in digital and retail financial services.
• Rolake Akinkugbe-Filani, HCIB, also appointed as a Non-Executive Director, contributes deep expertise in capital markets, energy finance, and risk governance, with extensive experience operating across multi-jurisdictional environments.
• Sadiq Mohammed joins as an Independent Non-Executive Director, with over three decades of leadership across asset management, pensions, infrastructure, and investment advisory, as well as significant boardroom experience.

Collectively, these appointments further strengthen the depth, diversity, and strategic capability of AIICO’s Board, positioning the company for sustained growth and enhanced governance.

In addition, Mr. Olalekan Akinyanmi was announced as the new Chairman of the Board, succeeding Mr. Kundan Sainani. Mr. Akinyanmi is the Founder and Chief Executive Officer of LEKOIL Nigeria Limited, an Africa-focused oil exploration and production company. With over 30 years of experience in the global energy sector, he has led significant capital raises and landmark projects, bringing strong leadership and strategic insight to his role as Chairman.

Commenting on the outcomes of the AGM, the MD/CEO, Mr. Babatunde Fajemirokun, stated:

“We are grateful to our shareholders and investors for their continued confidence and support. Their trust remains a strong validation of our strategic direction and the progress we are making as a business.

The strengthening of our Board reflects our deliberate commitment to robust governance, disciplined oversight, and long-term value creation. With the depth of experience and diversity now represented at the Board level, we are well-positioned to enhance the quality of our decision-making and sustain our leadership in the market.

As we continue to evolve as a financial services group, we remain focused on building a resilient, forward-looking institution that consistently delivers sustainable value to all stakeholders.”

AIICO Insurance is a leading composite insurer in Nigeria, with a 63-year record of accomplishment in delivering quality service to its clients.

Founded in 1963, AIICO provides life and general insurance, health insurance, and investment management services to create and protect wealth for individuals, families, and corporate customers.

L-R Brand Manager, Leadway, Adewale Fayiga; Brand and Communications Manager, Leadway, Niyi Abiola; Head Teacher, Idera Primary School, Ikosi Ketu, Ajayi Comfort Olubunmi; Representative of Lagos State Universal Basic Education Board (LASUBEB), Mrs. Elliot Folake Ayisat and Corporate Communications and CSR Manager, Leadway, Motolani Babalola during the book donation and book reading drive tagged ‘Pages to places by Leadway’ held at Idera Primary School in Lagos on Wednesday, 3rd June, 2026. 

Leadway, Nigeria’s leading non-banking financial and wellbeing conglomerate, has announced the commencement of the fourth edition of its flagship “Pages to Places” school outreach initiative.

Scheduled to begin on June 3, 2026, the programme will be implemented in six key locations in Nigeria, cutting across Lagos, Warri, Ekiti, Port Harcourt, Kaduna, and Abuja, reaching public primary schools with critical educational resources designed to promote literacy and learning.

Now in its fourth year, Pages to Places has become a cornerstone of Leadway’s commitment to improving educational outcomes and expanding opportunities for young Nigerians. Through the donation of carefully curated literature books and the deployment of mobile libraries to beneficiary schools, the initiative seeks to strengthen literacy levels, cultivate a sustainable reading culture, and improve access to learning materials in underserved communities.

At the heart of the programme is the belief that books are powerful gateways to knowledge, imagination, and opportunity. By exposing children to stories, ideas, and experiences beyond their immediate environments, Pages to Places broadens horizons, inspires curiosity, and nurtures a lifelong love for reading and learning.

Commenting on behalf of Leadway Group on the 2026 Pages to Places initiative and the company’s wider investments in children’s development, MD/CEO, Leadway Pensure, Olusakin Labeodan, said, “Our investments are guided by a simple philosophy that to secure the future, we must intentionally invest in the total wellbeing of the child today. The Pages to Places initiative, now in its fourth edition, reflects our enduring commitment to creating meaningful impact in underserved communities. By improving access to quality learning resources and promoting healthy lifestyles, we are equipping children with the tools, confidence, and opportunities they need to thrive and contribute positively to society.”

Leadway’s commitment to child development extends beyond literacy. As part of its broader Children’s Day engagements, the company partnered with Holdbodi to support over 3,000 children across Agege, Ebute Metta, and Abule Egba in Lagos State through a community outreach programme focused on wellbeing and enrichment.

The company also participated in the Akada Children’s Book Festival, engaging parents, educators, and stakeholders within the education ecosystem, while supporting the Get Fit with Jhay initiative, which promotes healthy lifestyles through youth-focused fitness, wellness, and recreational activities.

Together, these interventions underscore Leadway’s holistic approach to child development, one that recognises education, health, and wellbeing as interconnected pillars for building thriving communities and securing a brighter future for the next generation.

About Leadway Group

Leadway is a financial services group with a strong market presence and expertise in insurance, pensions, asset management, trusteeship, and investment solutions.

Since 1970, Leadway has grown from a traditional insurer into a broad-based platform with interests across general and life insurance, pensions, wealth management, health insurance, and hospitality.

For more than five decades, the Group has been known for reliability, integrity, innovation, and strong governance. It provides solutions that help individuals and institutions protect, grow, and transfer wealth.

Today, Leadway oversees a portfolio of businesses and is considered one of Nigeria’s most trusted and resilient financial services groups.

The Commissioner for Insurance, National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin, led a high-level delegation from Nigeria’s insurance industry on a courtesy visit to the Governor of Abia State, His Excellency Dr. Alex Otti, at the Government House in Umuahia on Monday, June 1, 2026.

Discussions focused on strategic collaboration between Abia State and the Nigerian insurance sector to safeguard economic activities, mitigate risks, and enhance investor confidence.

Omosehin underscored that a robust insurance system is fundamental to protecting business investments and securing livelihoods across critical sectors of the Abia economy.

Highlighting recent reforms, the Commissioner assured Governor Otti and his Executive Council that the newly established Insurance Policyholders’ Protection Fund (IPPF) will reinforce industry stability. He explained that the Fund, instituted by NAICOM under the provisions of NIIRA2025, is designed to safeguard policyholders’ interests by ensuring prompt and equitable settlement of valid claims, thereby strengthening consumer trust and market confidence.

Governor Otti commended NAICOM’s leadership for the measurable progress achieved in the insurance sector. He pledged his administration’s full support in fostering a sustainable partnership with the insurance industry to enhance risk management, expand insurance awareness, and build economic resilience within Abia State.

The delegation included the Deputy Commissioner (Finance & Administration), Mr. Ekerete Ola Gam-Ikon, alongside presidents and senior executives from the Nigerian Council of Registered Insurance Brokers (NCRIB), Nigerian Insurers Association (NIA), Chartered Insurance Institute of Nigeria (CIIN) and the  Institute of Loss Adjusters of Nigeria (ILAN).