Tuesday, May 5, 2026
32.7 C
Lagos

emPLE Nigeria Paid over N7bn Claims to Support Individuals, Families, Businesses in 2025

emPLE, one of Nigeria’s rapidly growing insurance companies, has announced total claims payouts of over N7 billion in 2025, reaffirming its commitment to empowering individuals, families, and businesses with the financial support needed to rebuild after losses caused by life and business uncertainties.

Amid evolving industry dynamics and regulatory expectations under the New Insurance Industry Reform Act (NIIRA 2025), emPLE demonstrated resilience and operational strength, serving hundreds of policyholders across its Life and General Insurance Businesses.

This milestone reflects the company’s growing capacity and tenacity in standing by customers when it matters most.

Beyond the numbers are real stories of impact. Within its Life Insurance Business, emPLE has paid more than N4.1billion in claims, supporting families and individuals through some of life’s most difficult moments.

Similarly, emPLE’s General Insurance business recorded more than N3.6 billion in claims payouts across critical sectors, including, energy, engineering, motor, marine cargo, and marine hull. These payouts underscore emPLE’s role as a trusted partner for businesses navigating operational risks and disruptions in the Nigerian economy.

Speaking about the company’s performance, Olalekan Oyinlade, CEO of emPLE General Insurance Limited, said, “Insurance, at its core, is a promise, a sacred obligation to provide support in times of adversity, and in 2025, we honoured that promise”.

He added: “As the industry evolves, particularly amid reforms shaping our operating landscape, we remain focused on strengthening our underwriting discipline, improving claims efficiency, and building a more resilient business that consistently delivers value to our customers and stakeholders.”

Also commenting, Jolaolu Fakoya, Managing Director of emPLE Life Assurance Limited, said: “In Life Insurance, our role in providing reassurance in moments of uncertainty is close to our heart. We see this in the story of a 47-year-old breadwinner whose passing from heart disease could have left his family vulnerable, yet they received a ₦112 million payout that ensured continuity and stability. We also see this in a mother who, despite losing her son, still received a ₦21 million gift from beyond, which only insurance can make possible. In another instance, a family received ₦205 million following the loss of a 55-year-old loved one, reinforcing the role insurance plays in preserving dignity and financial security in the face of loss”. He further stated, “As we look ahead, we are focused on deepening insurance penetration by simplifying access, improving customer experience, and reinforcing trust. Our ambition is to ensure that more Nigerians understand the value of insurance and benefit from it when it matters most.”

This milestone reflects emPLE’s continued growth and its commitment to delivering on its core promise, transforming insurance from a transactional necessity into a dependable support system that empowers people and businesses to face the future with confidence.

 

About emPLE

emPLE is a Nigerian insurance brand operating through emPLE General Insurance Limited and emPLE Life Assurance Limited, focused on delivering accessible protection solutions grounded in governance discipline, operational excellence, and sustainability principles.

spot_img
spot_img
spot_img

Hot this week

Why Botswana Has the Best Sovereign Rating in Africa

Sovereign credit strength across Africa is concentrated within a...

Passpoint Announces the Financial Orchestration Layer for Africa, Europe, G20

Passpoint, the financial infrastructure company building the orchestration layer...

Fixing the Real Problem with Nigeria’s SIM Recycling System

 By Elvis Eromosele Nigeria’s push to strengthen digital trust has...

Power, People, Finance: Critical Levers for SME Scale at Nigeria Business Summit 2026

Small and medium‑sized enterprises (SMEs) will only scale sustainably...

Stanbic IBTC Bank PMI: Business Activity Continues to Rise, But Higher Fuel Costs Limit Growth

The Nigerian private sector remained in growth territory at...

Topics

Adeosun: ‘Infrastructure Spending Will Unlock Growth in Nigeria’

The Minister of Finance, Mrs. Kemi Adeosun has assured...

IATA: Air Cargo Connectivity Enhances Global Trade

The International Air Transport Association (IATA) released a study...

Capital Market Can Act as a Financing Tool for PPP Infrastructure Projects – Yuguda

The Director-General, Securities and Exchange Commission (SEC) has stated...

African Airlines Report 1.3% Drop in 2018 Cargo Growth

African carriers saw freight demand decrease by 2.2%, in December...

NCC, NAICOM, LASG, Experts Identify Importance of Media in National Development, Seek Adoption of AI

L-R: Maureen Chigbo, President, Guild of Corporate Online Publishers...

RedStar Express Commences Express Grocery Service

Red Star Express Plc, one of Nigeria’s foremost logistics...

NCDMB Hosts Nigerian Army Personnel, Showcases Milestones in Local Content Implementation

The Nigerian Content Development and Monitoring Board (NCDMB) on...

37% of Americans Spent More on Insurance in 2012

Thirty-seven percent of Americans spent more on insurance over...
spot_img

Related Articles

Popular Categories

spot_imgspot_img