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.

Hot this week

Who Is Watching Africa’s Reputation? ARP Unveils New Intelligence on Public Institutions in Africa

Africa Reputation Pulse (ARP), a continental independent reputation intelligence...

NLNG: Gas Industry Should Make Methane Reduction a Business Priority

NLNG has urged the global gas industry to make...

NAICOM: Recapitalisation Exercise a Huge Success as Operators Raise N1. 079tn to Meet Deadline

Mr. Olusegun Omosehin, Commissioner for Insurance/CEO, National Insurance Commission...

Stanbic IBTC Reinforces Capital Markets Leadership Through Dangote Refinery IPO

Stanbic IBTC Holdings Plc has reinforced its position as...

CBN Bags NES Distinguished Organisation Award for Economic Reforms

The Central Bank of Nigeria (CBN) has received the...

Topics

AMCON, NDIC, CBN Debt Recovery Meeting in Abuja

L–R: Mr Niyi Fadeyi, Assistant Director, Department of State...

Nigeria’s 2015 Appropriation Bill: Legislators Adopt the Ostrich Strategy

A week after the House of Representatives passed the 2015 Budget, the Upper Chamber fulfilled its part of the Appropriation process by passing a N4.5tn budget. This is N134.4bn in excess of the N4.4tn submitted by the Executive arm late 2014. Meanwhile, recurrent expenditure was reduced slightly by N0.5bn to N2.6tn while capital expenditure was scaled down by additional N85.9bn to N557.0bn from N642.8bn proposed by the Executive arm. Effectively, this implies that recurrent expenditure is approximately five times the capital expenditure.

‘Global Cancer Deaths Top 10m in 2018, 18m New Cases’

The Mass Medical Mission is set to launch its...

Stock Market Statistics: Tuesday, 17th October 2017

Market Cap (N'bn)               12,622.3 Market...

Local Bourse Extends Bullish Run to 2nd Consecutive Trading Session

In yesterday’s trading session, the All Share Index advanced...

Bullish Performance Sustained on Bargain Hunting… ASI Up 53bps

The domestic equities market advanced 0.5% in yesterday’s trading...

Telecoms Investment in Nigeria now $75.6bn-Danbatta

L-R: Mustapha Isa, Former President, Nigerian Guild of Editors (NGE); Ochereome Nnanna, Chairman,...