Stanbic IBTC Holdings Plc has announced that it has commenced the process of seeking Regulatory approvals…
National Insurance Commission
Insurers commend NAICOM’s initiatives
Stakeholders in the industry have commended the National Insurance Commission for initiatives introduced to develop the…
Recapitalisation: NAICOM extends insurers’ deadline to December 2020
The National Insurance Commission has extended the recapitalisation deadline for insurance companies earlier slated for June…
NAICOM urges brokers to expand across Nigeria
The National Insurance Commission has urged insurance brokers to establish their presence in all the nooks…
NAICOM approves Takaful insurance firms
The National Insurance Commission has granted approval in principle to Cornerstone Takaful Insurance Company Limited and…
NAICOM seeks agencies’ support for insurers
The National Insurance Commission is engaging other regulatory bodies on how to assist the insurance companies…
Insurance Committee makes insurance policy mandatory for motorists
Matthew Otoijagha Driving without motor insurance policy is an offense, the Insurers Committee, a policy making…
Insurers set for legal tussle over new recapitalization
Matthew Otoijagha Insurance shareholders are opposing the move by the National Insurance Commission (NAICOM) to recapitalize…
NAICOM heightens regulatory oversight; restrict insurers’ businesses to financial capacity
Matthew Otoijagha The National Insurance Commission, NAICOM, said that it has heightened its regulatory oversight to…
NAICOM considers other means of addressing insurers’capital adequacy problem
Matthew Otoijagha The National Insurance Commission, NAICOM, has said that it will consider other appropriate tools…
Operators uneasy over states’ involvement in insurance business
Matthew Otoijagha Operators in the insurance industry, especially brokers, may have been up in arms against…
NAICOM threatened over new guidelines for states’ insurance producer policy
Matthew Otoijagha A Non-Governmental Organization (NGO), Transparent Protection Ltd/Gte has threatened to sue the National Insurance…
Insurance sector needs higher capital requirement to raise capacity-Report
The Nigerian insurance sector needs higher capital requirement to raise underwriting capacity and regulation to enforce…
NAICOM seeks collaboration to reduce insurance gaps
Matthew Otoijagha The need for collaboration towards reducing insurance gaps in developing nations cannot be over-emphasized,…
NAICOM suspends insurance firms’ recapitalisation
The National Insurance Commission has announced the suspension of the implementation of its Tier-based Minimum Solvency…
Inadequate capacity: N100bn lost annually in aviation insurance
Matthew Otoijagha The nation’s insurance industry loses N100 billion yearly to capital flight due to lack…
Underwriters skeptical of micro insurance model
Underwriters seem to be skeptical of acquiring micro insurance licenses, as the National Insurance Commission (NAICOM)…
Underwriting firms spends N68.57bn for expansion
Some insurance companies have so far borrowed about N68.57 billion to support their operations, it has…