NAICOM yet to receive court order on TBMSC
The National Insurance Commission (NAICOM) has said it is yet to receive a court order, restraining it from enforcing the October 1, 2018, deadline for the recapitalisation of the sector, under the Tier-Based Minimum Solvency Capital (TBMSC).
Fresh hope for industry as NIA gets new leadership
The new leadership of the Nigeria Insurers Association (NIA) may not have officially assumed duties, but has made a strong call on the stakeholders to embrace, as a project, the redemption of the industry’s poor image.
Why insurers paid N14 billion worth of claims to fire victims, others
The nation’s insurance sector, through its underwriting firms, have disbursed the sum of N14 billion insurance claims to fire victims across the country.
‘Adequate regulation key to unlocking sector’s potential’
The National Insurance Commission (NAICOM) has admitted that proper regulation of insurance activities in the country will contribute to rapid growth and development of the nation’s economy.
Regulator tasks consumers to report non-claims payment to CBU
The National Insurance Commission (NAICOM), has advised consumers with genuine unsettled claims problems to channel their grievances through its Complaint Bureau Unit (CBU), which has been upgraded to listen to aggrieved consumers in Nigeria.
Group tasks regulator to protect sector from unethical practices
Insurers under the Risk Management and Compliance Committee of the Nigerian Insurers Association (NIA), have tasked the National Insurance Commission...
Consumers,others charge insurers on seamless service delivery
Major consumers of insurance products have said that before the nation’s insurance industry can be viable like others there is need for the regulators and operators to be mindful of efficient service delivery and prompt claims settlement to the insuring public.
NAICOM, operators commit to industry rebranding project
In a dramatic move to unlock the potential in the industry, the National Insurance Commision (NAICOM), and operators have decided to raise about 50 per cent of the funds required...