4 days ago
The Nasarawa State Governor, Abdullahi Sule, has advised stakeholders in the construction sector to embrace insurance to mitigate associated risks at the workplace. The governor made the call during a courtesy visit by the management of the National Insurance Commission (NAICOM) led by the Commissioner for Insurance, Sunday Thomas, to the state government. The governor…
Over a year after Standard Alliance Insurance Plc and Niger Insurance Plc were liquidated, thousands of policyholders whose claims were due long before the regulatory intervention are still on the queue while the appointed receiver managers...
The National Insurance Commission (NAICOM) has urged underwriting firms to increase their claims reserve accounts so that they would have enough funds to settle huge claim liabilities.
The National Insurance Commission (NAICOM) has revealed plans to roll out a unified industry master plan that would address some of the pending challenges confronting the sector by October.
The Financial Sector Deepening Africa (FSD Africa) and the National Insurance Commission (NAICOM) have partnered as part of efforts to promote growth and innovation in the nation’s insurance sector.
The National Insurance Commission (NAICOM) has expressed its commitment to exploring the global Takaful insurance market, which is expected to grow to $25 trillion in 2025.
The National Insurance Commission (NAICOM) has expressed its commitment to creating an enabling environment for insurers to increase their financial capacity to be able to underwrite big risks in line with the Guidelines for Oil and Gas Insurance Business issued in 2010.
The Insurance Industry Committee (IIC), inaugurated by the insurance industry’s players to work on development plans, will today flag off publicity to educate Nigerians on the rationale behind the increment in third-party motor insurance rate from N5,000 to N15,000 by the National Insurance Commission (NAICOM).
The National Insurance Commission (NAICOM) has urged operators in the oil and gas sector to comply with relevant guidelines and patronise the local insurance sector.
The National Insurance Commission (NAICOM) has inaugurated the Nigerian Actuarial Society Discount Rate Committee (NAS-DRC) to address some of the industry’s challenges and promote global accounting standards.
An underwriting firm in the insurance sector, Universal Insurance Plc, has revealed plans to embark on nationwide industry expansion to increase penetration in the country.
As underwriting firms across the globe prepare to migrate from International Finance Reporting Standard (IFRS) 4 to IFRS17 by 2024 implementation date, insurance operators in the country have expressed readiness for the full adoption of the new reporting standard in the country.