Heirs Life Assurance, a key member of Heirs Insurance Group, has announced the appointment of Callista Azogu as an Independent Non-Executive Director. Azogu is a seasoned business leader with more than 35 years of experience in finance, operations, human resources,…
The National Insurance Commission (NAICOM) has hailed the passage of the Insurance Reform Bill by the House of Representatives. A statement by the commission in Abuja on Thursday, described the passage as a milestone achievement toward transforming the insurance industry…
The National Insurance Commission (NAICOM) has mandated insurance companies to cover the costs of all resolved claims, reinforcing its commitment to policyholder protection. This directive was issued during the Insurers’ Committee Meeting held in Lagos on Wednesday. Mrs Ebelechukwu Nwachukwu,…
Dr. Sam Onyeka, an insurance expert, has called on the National Insurance Commission (NAICOM) and insurance companies to intensify their efforts in improving public education and perception of insurance. Onyeka, who is the Lead Director of Transparent Protection Limited (TPL)/GTE,…
…As total assets hit N21.9trn Nigeria’s pension assets grew by N541 billion month-on-month reaching N21.92 trillion at the end of October 2024. This growth highlights the continued resilience and stability of the nation’s pension sector, underscoring its importance as a…
By Sodiq Adelakun The Nigeria Deposit Insurance Corporation (NDIC) has ramped up efforts to resolve delays in payments to depositors of the recently closed Heritage Bank, while also announcing an increase in the insured deposit coverage to N5 million. Speaking…
By Blessing Emmanuel The Nigeria Data Protection Commission (NDPC) and the National Insurance Commission (NAICOM) have formalized their collaboration to enhance data protection and privacy in Nigeria’s insurance sector through the signing of a Memorandum of Understanding (MoU). The agreement,…
The Nigeria social insurance trust fund (NSITF) has unveiled its data analysis, revealing a total enrollee figure of over 172,000 Employers and 7.6 million Employees; compensation of over 103,000 beneficiaries with a total disbursement of N6.6 billion as compensation to…
The National Insurance Commission (NAICOM) has sacked the board and management of African Alliance Insurance Plc for years of insolvency and failure to meet the obligations of annuitants and policyholders. A statement by NAICOM in Abuja on Wednesday said the…
The National Insurance Commission (NAICOM) has warned the public against activities of some unscrupulous individuals using the name and office of the Commissioner for Insurance, Mr Olusegun Omosehin, to defraud individuals. The Head, Corporate Affairs of NAICOM, Mr Abba Inuwa…
