emPLE Life Assurance Limited and emPLE General Insurance Limited have strengthened their position in Nigeria’s insurance industry, posting steady growth between 2024 and 2025 while expanding product offerings and deepening digital transformation.
The group, whose name is derived from “empowering people,” said its operations are focused on providing innovative, accessible and sustainable financial solutions to individuals and businesses across the country.
Within the review period, both subsidiaries recorded year-on-year growth in gross written premium, profitability and customer acquisition, driven by customer-centric innovation and operational efficiency.
emPLE Life Assurance Limited reported increased policy subscriptions across its flagship products, including Beta Life Plan, Critical Illness Cover, Term Plan, Group Life Cover, Credit Life Assurance, Edusure, Family Plan and Short-Term Savings.
The company attributed the growth to rising awareness of life insurance and its simplified, digitally enabled onboarding process, which allows customers to obtain coverage within minutes.
Similarly, emPLE General Insurance Limited recorded growth across retail, small and medium-scale enterprises (SMEs) and corporate segments. The company said demand for tailored risk management solutions and adaptable products contributed to its improved performance.
The group stated that disciplined underwriting, prudent risk management and technology-driven service delivery supported steady revenue growth while maintaining strong solvency margins.
It added that its recapitalisation plan remains in compliance with regulatory requirements, strengthening its capacity to underwrite larger and more complex risks.
The capital base also enabled investments in digital infrastructure, human capital development and market expansion initiatives, positioning the group for long-term stability.
In addition to financial performance, emPLE reported milestone achievements, including industry recognitions for product innovation, service delivery, digital transformation and sustainability practices.
The group also disclosed that it is pursuing B Corp certification, a global standard for organisations that meet high benchmarks for social and environmental performance, accountability and transparency.
Product innovation remains central to its strategy. The Beta Life Plan, a savings-linked insurance product, offers policyholders three payouts during the savings period and maturity bonuses of up to 15 per cent, a structure the company said has resonated strongly with customers seeking liquidity and long-term security.
emPLE General Insurance expanded its portfolio to include motor, travel, home, personal accident, burglary, marine, construction, fire and special perils, professional indemnity, fidelity guarantee, business interruption and public liability insurance, among others.
Flexible products such as Flexi Motor Insurance, Shop Protect, SME Group Life and TravelSure were introduced to address protection gaps.
The company also strengthened distribution through strategic partnerships, including a bancassurance collaboration with Ecobank Nigeria aimed at broadening access to insurance services.
Corporate social responsibility initiatives between 2024 and 2025 included financial literacy campaigns, youth empowerment programmes, education support schemes, environmental sustainability projects and healthcare interventions.
Commenting on the performance, Acting Managing Director of emPLE Life Assurance Limited, Jolaolu Fakoya, described the period as transformational, attributing growth to customer empowerment, operational excellence and product simplicity. He disclosed plans to launch additional technology-driven products and expand distribution channels in 2026.
Similarly, the Managing Director and Chief Executive Officer of emPLE General Insurance Limited, Olalekan Oyinlade, said the company’s diversified portfolio and flexible product designs have enabled it to meet the evolving needs of individuals, SMEs and large corporations.
He added that the firm’s strong financial position provides a foundation for underwriting larger risks and supporting national development.
Looking ahead, the group said it aims to deepen digital innovation, develop data-driven products, strengthen partnerships, enhance operational efficiency and integrate environmental, social and governance (ESG) principles more fully into its operations as part of its long-term vision to become a leading insurer in Africa.
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