Industry in panic mode as NAICOM takes ‘unilateral decision’ on TBMSC

The sudden change in the transition timetable of the Tier-Based Minimum Solvency Capital (TBMSC) regime to October 1, 2018, by the National Insurance Commission (NAICOM) has unsettled insurance sector players, as they lament the lack of consultations before the decision.

Bankole Orimisan