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Insurance & Pension
NAICOM Warns Insurers With Unpaid Claims
Nigeria’s insurance regulator has issued a warning ahead of the July 31st 2026 recapitalisation deadline. The National Insurance Commission (NAICOM) has announced that insurance companies with unpaid claims will not receive re-licensing…
NAICOM Grants Partnering Insurtech Licence to NETAPPS
The National Insurance Commission (NAICOM) has officially granted a Partnering Insurtech licence to NETAPPS at a formal ceremony, reinforcing the Commission’s commitment to leveraging digital innovation to deepen insurance penetration and…
NAICOM Returns African Alliance Insurance After 18-Months
The National Insurance Commission (NAICOM) has formally transferred operational control of African Alliance Insurance Plc to a newly constituted Board nominated by the company’s shareholders, following the successful conclusion of a…
Guinea Insurance Meets Regulatory Capitalisation Requirements
Guinea Insurance Plc announced it has finalised payment of its statutory deposit to the Central Bank of Nigeria (CBN), bringing its total deposit balance to ₦1.5 billion in full compliance with the Nigerian Insurance Industry Reform Act…
Omosehin Seeks Regulatory Innovation, Digital Distribution at AIO meeting
Olusegun Ayo Omosehin, Nigeria's Commissioner for Insurance has called for bold regulatory reforms and digital innovation to close Africa’s insurance protection gap and unlock inclusive economic growth across the continent.
He spoke at…
NAICOM Appoints Ernst & Young to Handle Risk-Based Capital Framework
The National Insurance Commission (NAICOM) has appointed global professional services firm Ernst & Young (EY) as Consulting Actuary for the finalisation and implementation of Nigeria’s Risk-Based Capital (RBC) framework.
The…
NAICOM Issues First Insurtech Licence
The National Insurance Commission (NAICOM) has granted an operational licence to CBI Partnering Insurtech Ltd, marking the first fully licensed Partnering Insurtech company in Nigeria.
This development underscores NAICOM’s regulatory…
AIICO Renovates School to Improve Sector Education
AIICO has renovated its hall at the College of Insurance and Financial Management (CIFM), reinforcing its commitment to learning, capacity building, and empowering people.
The recent renovation of the hall, long recognised as AIICO Hall,…
NAICOM Plans Platform to Verify Insurance in Public Procurement
NAICOM plans to create a platform to monitor and verify that public procurement items are insured.
Commissioner for Insurance, Olusegun Ayo Omosehin, disclosed the plan at the signing of a Memorandum of Understanding (MoU) with the…
NAICOM, CRC Credit Bureau to Collaborate on Risk Management
The National Insurance Commission (NAICOM) is teaming up with the CRC Credit Bureau to improve risk management by linking insurance sector data to national credit reporting systems.
This move aims to boost digital adoption, cut down on…