NAICOM

President Muhammadu Buhari has re-appointed Abubakar Sani as the chairman of the National Insurance Commission (NAICOM). Other board members who were re-appointed are Robert Ohuoba, Ijeoma Chinenye Ekeocha and Muazu Barau. Each of…

The Commissioner for Insurance, Sunday Thomas, said the Commission is implementing various market developmental initiatives to lift the insurance sector to a global standard. Delivering a keynote address at a  retreat for Financial…

The National Insurance Commission (NAICOM) weekend foreclosed bailouts or any form of financial assistance to failing insurance companies that can no longer meet up with obligations to policyholders. The commission came out with this…

To curb losses associated with road accidents within the country and the Ecowas region, both the National Insurance Commission (NAICOM) and Transport ministry are in a pact to work together. Consequently, the two have agreed to…

Operators in Nigeria’s insurance industry Monday convened for an indepth study of the International Financial Reporting Standard (IFRS) 17 which compels every insurance contract and financial accounts to be prepared in accordance with its…

The National Insurance Commission has cancelled the operational licence of Unic Insurance Plc. It disclosed this in a public notice on ‘Cancellation of operational licence of Unic Insurance Plc- RIC 043’. The commission announced this…

The National Insurance Commission (NAICOM) and the Federal Fire Service have resolved to commence the enforcement of compulsory public building liability insurance in earnest across the country. This was part of the resolution at the…

National Insurance Commission, (NAICOM) in collaboration with the College of Insurance and Financial Management CIFM, will turn out 100 Certified Actuarial Analysts and at least five actuaries by the year 2024 as part of the sector…

The National Insurance Commission (NAICOM) said the implementation of Insurance industry’s corporate governance guidelines will commence on June 1, 2021. NAICOM in a publication published on its website noted that the guidelines was…

In its efforts to navigate the current harsh business climate and remain relevant, Niger Insurance Plc will offload its real estate and investment property valued at N15billion to improve its balance sheets. The company has battled…