The National Insurance Commission (NAICOM) has dissolved the board and management of African Alliance Insurance Company. The Commissioner for Insurance, Olusegun Omosehin, announced this at a...
With the increase in the mandatory Motor Third Party Insurance Premium from N5000 to N15000, motorists traveling in West African nations would no longer need to...
The National Insurance Commission (NAICOM) has raised the claims and cost of insurance on all classes of motor insurance including motorcycles. According to NAICOM, third party...
The National Insurance Commission (NAICOM) has cancelled certificates of registration of Standard Alliance Insurance Plc, and Niger Insurance Plc. The NAICOM’s Head of Corporate Communication and...
Amid poor financial return by the management of Niger Insurance, the company risks losing its operational license as National Insurance Commission (NAICOM) demands answers. NAICOM wrote...
The National Insurance Commission (NAICOM) on Monday said it had granted approval in principle (AiP) to two Takaful insurance firms. The companies are: Cornerstone Takaful Insurance...
Three chief executives of National Insurance Commission (NAICOM) who were summoned by the Code of Conduct Bureau (CCB) on Thursday failed to appear before the bureau....
THERE are apprehensions in the insurance industry over allegations that some insurance operators have cleverly created means of giving out discounts on compulsory classes of insurance...
The National Insurance Commission (NAICOM) has been given approval by its board for its restructuring to accommodate new directorates and state branch offices across the country....
The much disputed Tier Based Solvency Capital Recapitalisation of the insurance Industry has been cancelled by the National Insurance Commission, NAICOM, with immediate effect. NAICOM announced...
Over 80 percent of big ticket risks underwritten by Nigerian insurers are exported for offshore underwriting due to inadequate capacity. According to the National Insurance Commission,...
The Federal Government said it was ready to introduce a new classification policy into the insurance industry. The policy, which would be implemented through the National...
The National Insurance Commission (Naicom) has blocked the proposed divestment of the major equity stake of the embattled International Energy Insurance (IEI) in IEI Anchor Pensions...
Financial services regulators have launched a concerted seize and forfeit hunt to recover a total of 2.5 billion ordinary shares which were allegedly illegally issued by...
To guard against any potential risk to policyholders of each of the companies, the National Insurance Commission (NAICOM) has issued separate orders to General Insurance (IGI)...
