Recapitalisation deadline extension excites NIA
The Nigerian Insurers Association (NIA) has commended the National Insurance Commission (NAICOM) for its recent circular on extension of deadline for recapitalisation of insurance and reinsurance companies in Nigeria, describing it as a step in the right direction.
Insurance brokers harp on policy for disaster management
The Nigerian Council of Registered Insurance Brokers (NCRIB) has underscored the pivotal role of insurance in disaster management in the country.
Insurance regulator opts for market development to aid GDP contributions
In an effort geared towards boosting insurance penetration to ensure meaningful contribution to the Gross Domestic Product (GDP), the National Insurance Commission (NAICOM) has disclosed that it will focus on market development, among other initiatives, this year.
‘Afreximbank’s quality centre will raise competitiveness, attract investment’
The quality assurance project targeted across the continent by the African Export-Import Bank (Afreximbank) will raise the confidence of importers, enhance the competitiveness and attractiveness of “Made-In-Africa” products.
NAICOM to kick off two-year licence renewal for brokers April
The National Insurance Commission (NAICOM) has said it will commence a two-year license renewal process for insurance brokers and loss adjusters by April 1, 2020.
Underwriters call for early financial plan in 2020
There are several myths and misnomers when it comes to financial planning, and individuals can take in a lot of advice from many good and not-so-good sources. Misnomers can range from confusing high incomes with wealth to not knowing the importance when choosing investments. For insurers, there is a need to help provide individuals in…
Government’s bill whittles down tax load on insurance companies
The Federal Government has, through the Executive Finance Bill recently passed by the National Assembly, relieved insurers of assessed “unwholesome tax burden” that had hitherto drained their earnings.
‘Policy adoption as harbinger of prosperity’
The low insurance penetration in the Nigerian market has been a major challenge to underwriting companies, particularly in this period of recapitalisation exercise with June 2020 deadline.