Friday, 7th October 2022
Breaking News:

National Insurance Commission

12 Sep
Nigerian insurance industry players and the National Insurance Commission (NAICOM) have revealed plans to announce a revised third-party motor insurance premium that would take effect this month.
11 Jul
With Nigeria’s insurance penetration estimated at less than one per cent, experts have attributed the low acceptance of compulsory insurance to low enforcement.
9 May
The National Insurance Commission (NAICOM) has revealed plans to grow the industry's gross premium income (GPI) from N630 billion in 2021 to N6 trillion by the year 2030 but cashing
11 Apr
The National Insurance Commission (NAICOM) has concluded plans to introduce the Risk-Based Capital (RBC) roadmap to guide the industry on a new capital regime before the end of April 2022.
21 Mar
The National Insurance Commission (NAICOM) has called on Nigerians to report underwriting companies that fail to pay genuine claims to policyholders as and when due.
14 Mar
The National Insurance Commission (NAICOM) has reaffirmed its readiness to deepen insurance market expansion through the provision of digital channels for underwriters to sell products and settle claims.
28 Feb
Before the nation’s insurance industry can contribute optimally to the economy, there is a need for underwriters to adopt a risk-based asset approach, investment
15 Feb
The National Insurance Commission (NAICOM) has disclosed that the industry total assets stood at N2.13 trillion as at end of 2021.
29 Nov 2021
For the insurance industry to contribute significantly to the economy (GDP), there is a need for underwriters to take prompt claims settlement as a priority.
8 Oct 2021
The National Insurance Commission (NAICOM) has expressed displeasure that most of the public buildings under construction in the country are under-insured when compared to other climes.
30 Aug 2021
The Commissioner for Insurance, National Insurance Commission(NAICOM), Sunday Thomas, has tasked insurers on the development of the retail market. He said this during a courtesy visit
19 Jul 2021
The National Insurance Commission (NAICOM) has revealed plans to sanction insurance operators that fail to implement the corporate governance guidelines in the country.


16 mins ago
Scammers stole cryptocurrency worth roughly $100 million from Binance, the world's biggest exchange for crypto assets, the firm said on Friday.
24 mins ago
As political parties strategise to put out formidable campaigns to woo voters ahead of the 2023 general elections, Yiaga Africa yesterday released a preliminary report indicating a decline of youth candidacy from 34 per cent in the 2019 general elections to 28 per cent in 2023 general elections.
1 hour ago
Iran said Friday an investigation into the death in custody of Mahsa Amini found she lost her life to illness rather than reported beatings that sparked three weeks of bloody protests. Amini, 22, died on September 16, three days after falling into a coma following her arrest in Tehran by the morality police for allegedly…
1 hour ago
Mike Makinde made history on Saturday by joining the prestigious class of Nigeria Cup winners. The honour came through his victory in the 25th edition of the Nigeria Cup; a weeklong competition put together to celebrate the nation's Independence anniversary. Relishing the outcome of the competition, the 11-handicap player said he never envisage winning the…
2 hours ago
The Governor of Ekiti, Dr Kayode Fayemi, on Friday signed six bills recently passed by the State House of Assembly into law, the News Agency of Nigeria (NAN) reports.