Enterprise Life strengthens capital base to N18bn

Enterprise Life Assurance Nigeria Limited has raised its paid-up share capital to over N18.7bn, significantly exceeding the N10bn regulatory minimum set by the National Insurance Commission. This milestone positions the insurer to underwrite larger risks and deepen digital penetration across Nigeria’s underinsured market. Enterprise Life's Managing Director and CEO, Nelson Akerele, emphasized that the additional capital enables the company to write larger risks, expand into new markets, and accelerate technology-led insurance offerings targeted at Nigeria’s untapped middle-class and mass-market segments.

Brief written by urgent.news from Punch's own syndicated text. Machine-written — may contain errors; check the original before relying on it.