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Insurance
Lagos Offers Health Insurance to Nigerians Abroad.
The Lagos State Health Management Agency, LASHMA, has unveiled the ‘Home Konnect and Waka Well’ health insurance initiative under the Diaspora Health Insurance Plan to allow Nigerians abroad access to health care while in the country and…
AIICO Holds Annuity Forum To Deepen Bonds with Retirees
AIICO Insurance Plc has hosted another edition of its Annuity Forum, a yearly event designed to strengthen ties with its annuity customers, gather their feedback, and create opportunities for meaningful interaction.
This year marks a…
NAICOM Seeks Insurance Group within NESG
Insurance Commissioner, Olusegun Omosehin has sought the creation of an insurance working group within the Nigerian Economic Summit Group (NESG) to enhance collaboration with the National Insurance Commission (NAICOM).
This initiative,…
NAICOM, Police Crackdown on Sellers of Fake Motor Insurance
The National Insurance Commission (NAICOM), together with the Nigeria Police, has launched a crackdown on individuals selling fake motor third-party insurance policies.
The team was led by the NAICOM Motor Third-Party Insurance…
NAICOM Issues Guidelines for Insurtech Operations
The National Insurance Commission (NAICOM) has issued operational guidelines for Insurtech businesses in Nigeria after extensive stakeholder consultation and engagement.
The guidelines, effective from August 1, 2025, are designed to…
Owners of CNG-powered Vehicles May Pay More for Insurance
Due to the extra risks involved, owners of vehicles powered by compressed natural gas (CNG) may soon be charged a higher premium for third-party motor insurance.
The premium for third-party motor insurance was recently increased to…
SanlamAllianz Life and General Insurance Gets New Operational Licence
The National Insurance Commission (NAICOM) has issued new licenses to SanlamAllianz Life and General Insurance Nigeria Ltd after a successful merger.
The newly licensed entity is a fusion of Salam and Allianz insurance companies, and is…
Gambia Central Bank Studies NAICOM’s Risk-Based Supervision
A delegation from the Central Bank of The Gambia, led by Nyang Medeleine Gomez, is visiting the National Insurance Commission (NAICOM) for regulatory collaboration and to gain knowledge in key areas of insurance supervision.
During the…
FEC Approves 17 Underwriters for Workers’ Group Life Insurance
The Federal Executive Council (FEC) has approved 17 insurance underwriters for the 2025/2026 group life insurance scheme for federal government officials and civil servants.
The Group Life Insurance Scheme of the federal government is an…
Losses From Iberian Peninsula Power Outage Could Hit €300m
Morningstar DBRS has indicated that the financial losses related to insurance claims from the severe power outage in the Iberian Peninsula will be manageable, with insured losses estimated between €100 million and €300…