Through the third quarter of this year, insurance companies’ net profit remained in the 11 trillion won range, marking a decline of over 15% compared to the same period last year. This deterioration ...

The headlines are relentless, loudly proclaiming that ­climate-fueled extreme weather has caused an insurance crisis, reflected in dramatic rate increases for homeowners and businesses. Some warn that ...

Two insurance firms, AXA Mansard and International Energy Insurance Plc, have projected about N5.53bn in profit before tax in the first quarter of 2026. This projection was disclosed in their ...