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 charts path to insurance sector’s growth
The National Insurance Commission (NAICOM) has called for collaborations across the nation’s regulatory agencies, as well as foreign counterparts, in efforts to bridge...
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.
Insurance inclusion policy for 40m adults in rural communities
The traction in the insurance industry remains undaunted and the recent upsurge in policy directions has proved it. Just after the unveiling of a three-tiered recapitalisation...
‘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.
Insurers’ management expenses hit N264.15bn in five years
Some insurance companies are struggling to remain afloat amid the harsh economic, which had pushed them into incurring huge management expenses above their premium income generated.
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...
NAICOM orders microinsurance companies to take fresh licences
The National Insurance Commission (NAICOM) has called on the 17 insurance companies that are already selling microinsurance products through the window operations to acquire fresh licence within a period of 18 months.
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.