Lawyer sues NAICOM officials over alleged non-declaration of assets
A Lagos lawyer, Mr Tope Alabi has sued the National Insurance Commission Commissioner/Chief Executive Officer Mohammed Kari and his deputies for allegedly not declaring their assets.T
NAICOM plans review of SIP to drive insurance adoption in states
There are indications that the National Insurance Commission (NAICOM) would review the cancelled State Insurance Policy (SIP) policy in a bid to enhance insurance...
Africa Re, IFC seal pact on farmers’ access to agric insurance initiative
Africa Reinsurance Corporation has signed an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, to help underwriting companies in Nigeria develop innovative agricultural insurance products for farmers, against hazards in their farming process.
NCRIB lauds NAICOM on policy withdrawal
The President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Shola Tinubu, has appreciated the Commissioner for Insurance, Alhaji Mohammed Kari...
NAICOM’s proposed policy elicits multiple legal threats
The Nigerian Council of Registered Insurance Brokers (NCRIB) has disclosed plans to challenge the National Insurance Commission (NAICOM) over its proposed State Insurance Producer...
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.