The National Insurance Commission (NAICOM) has urged the boards of insurance companies to give prompt claims settlement a priority in their policy-making process.

The National Insurance Commission (NAICOM) has partnered Economic and Financial Crimes Commission (EFCC) to address financial crimes and safeguard investments in the industry.

The National Insurance Commission (NAICOM) said that conventional financial systems fall short of addressing the multifaceted risks individuals and communities face, hence the need for the Islamic finance option.

Amid the economic struggle, an underwriter, Sterling Assurance, said it grew insurance revenue by 32 per cent in the 2023 financial year.

The National Insurance Commission (NAICOM) has urged underwriting firms in the country to pay all outstanding claims owned to policyholders before December 31, 2025, to avoid regulatory sanction.

African Alliance Insurance Plc has asked the Federal High Court, Lagos to nullify the dissolution of its board by the National Insurance Commission (NAICOM). In a suit marked FHC/L/CS/ 2008/2024, it is praying for a declaration

The National Insurance Commission (NAICOM) has given insurance companies a Dec. 31 deadline to clear all outstanding claims. The Head of Communication and Stakeholders Management Sub-committee of the Insurers Committee, Mrs. Ebelechukwu Nwachukwu, made this known while addressing a news conference after a meeting of management in Lagos. The meeting marked the first gathering of…

The National Insurance Commission (NAICOM) has sacked the board and management of African Alliance Insurance Plc. for failure to meet the obligations of annuitants and policyholders.

The National Insurance Commission (NAICOM) has removed the board and management of African Alliance Insurance Plc, citing ongoing financial instability and unmet obligations to annuitants and policyholders. The Commissioner for Insurance, Segun Omosehin, announced the decision at a press briefing held at NAICOM’s Lagos office. [Ad] During a press briefing at NAICOM’s Lagos office, Commissioner…

The National Insurance Commission (NAICOM) said the risk-underwriting industry’s financial soundness remained crucial to supporting businesses’ contribution to the $1 trillion economy target set by the current administration.

The National Insurance Commission (NAICOM) has revealed plans to roll out a draft of Insurtech Operation Guidelines, which will be released soon, to address market changes.

The National Insurance Commission (NAICOM), in collaboration with the Ministry of Marine and Blue Economy, has concluded plans to enforce and regulate marine insurance policies in the maritime sector of the economy.