6 Jan 2020
Underwriting companies in the nation’s insurance industry are cutting down on their uptake of N323 billion annuity business as they now considered it volatile and susceptible to inflation trends.
7 Oct 2019
The nation’s insurance industry life annuity fund portfolio has risen to N322.9 billion as at the end of second quarter of 2019.This represents a growth rate of 17.4 per cent, when compared with N274.9 billion recorded at the end of fourth quarter of 2018.
13 May 2019
Following the approval of the Casava Micro-insurance Limited to operate as a State Composite Micro-insurance Company, transacting Life and General Micro insurance Business in Lagos State, there are hopes that more are underway as applications and inquiries are on the rise. This was made known by the National Insurance Commission (NAICOM) spokesman, Rasaaq Salami,…
4 Apr 2019
The National Insurance Commission (NAICOM) has urged Ministries, Departments and Agencies (MDAs), including Oganised Private Sector (OPS), to take insurance adoption as priority for economic prosperity in the country.
31 Aug 2018
The National Insurance Commission (NAICOM) on Friday confirmed backdating the insurance companies Tier-based recapitalisation commencement date to Oct. 1, as against January 1, 2019 it earlier announced.
13 Nov 2017
In a move aimed at repositioning the National Insurance Commission (NAICOM) to handle the insurance industry for better regulations, the Commission has reorganised its heads of Directorates and Departments.
3 Jul 2017
The National Insurance Commission (NAICOM) is set to hold interactive sessions with directors of insurance companies and major policyholders to apprise them of the implementation of its regulatory priorities for the industry in 2017...