National Insurance Commission
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.
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
The National Insurance Commission (NAICOM) has revealed plans to sanction insurance operators that fail to implement the corporate governance guidelines in the country.
The National Insurance Commission (NAICOM) has said poor governance structure is the major factor responsible for the failure of some underwriting companies across the country.
The National Insurance Commission (NAICOM) has fixed June 1, 2021, for the implementation of the industry’s corporate governance guidelines that will take the sector to a greater height.
The National Insurance Commission (NAICOM) has suspended the insurance industry recapitalisation exercise for the second time in three years following a court order directing the regulatory body to do so.
Underwriters are calling on the Federal and state governments to procure appropriate insurance contracts to protect government assets and liabilities spread across the country.
5 Nov 2020
The National Insurance Commission (NAICOM) is in discussions with the National Youth Service Corps (NYSC) management to engage at least 50 corps members on yearly basis for a group Community Development Service (CDS) in insurance, the commission’s head, Market Development, Adeyemi Abubakar, has revealed. He, however, explained that the 50 NYSC members to be…
23 Jul 2020
The Nigeria Shippers Council (NSC), and the National Insurance Commission (NAICOM), plans to collaborate to reduce the cost of doing business through the introduction of insurance cover on containers, and also looking into risk management at the various ports. The Lagos Chamber of Commerce and Industry (LCCI), had complained of the high cost of doing business…
23 Jun 2020
Despite the extension of the deadline for insurance industry recapitalisation to September 2021, brokers/marketers are sceptical about some operators’ ability
8 Jun 2020
The ongoing recapitalisation exercise in the insurance sector may be getting the required boost, as insurers articulate commitment to the exercise
16 Mar 2020
In a quest to make insurance industry viable among other sectors of the economy and to also give directions to the regulator, African credit rating agency, Agusto & Co has said that only 26 out of 59 insurance companies in Nigeria might meet December 31, 2020 deadline as 33 firms may have to explore the…