NAICOM
- NEWS
NAICOM Recapitalisation Reset: How Insurance Reform Could Reshape Nigeria’s $1 Trillion Economy
Nigeria’s insurance industry stands at a structural crossroads. With penetration rates still below 1% of GDP and risk absorption capacity…
Read More » - BRAND REPORT
NAICOM: Insurers Show Strong Readiness for 2025 Recapitalisation Drive
Olusegun Omosehin, Chief Executive Officer(CEO), National Insurance Commission (NAICOM) Nigeria’s insurance sector is entering a new era of financial strength…
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NAICOM Gives Insurers 12 Months to Meet New Capital Rules or Face Liquidation
The National Insurance Commission (NAICOM) has issued a 12-month deadline for insurance and reinsurance companies in Nigeria to comply with…
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NAICOM Licenses SanlamAllianz, Boosts Confidence in Nigeria’s Insurance Sector
New life and general insurance licences follow Sanlam-Allianz merger, as NAICOM calls for stronger corporate governance, claims efficiency, and industry-wide…
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NAICOM, Aviation Ministry Launch Landmark Insurance Framework to Unlock Aircraft Leasing, Lower Airfares in Nigeria
Inauguration of the Revised Insurance Regulation on Leased Aircraft in Abuja on Monday. In a decisive move poised to recalibrate…
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NAICOM hails Reps passage of Insurance Reform Bill
The new Act repealed the Insurance Act, Cap 117, Laws of the Federation of Nigeria, 2004; the Marine Insurance Act,…
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NAICOM publishes 1,571 insurance complaints from aggrieved policyholders
The National Insurance Commission (NAICOM) has published no fewer than 1,571 insurance-related complaints from policyholders against different insurance companies. NAICOM…
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Insurers now required to cover all resolved claims – NAICOM
The National Insurance Commission (NAICOM) has stated that insurance companies are now required to cover the costs of every case…
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NEMSA, NAICOM sign MoU to enhance electrical safety
”Through this MoU, we will work closely with NEMSA to enforce compliance with relevant insurance policies, ensuring that the power…
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Qualified Actuary now mandatory for annuity business – NAICOM
”The circular aims to enshrine best practices in the management of annuity portfolios by insurance institutions in furtherance to ensuring…
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