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…
Heirs Insurance Group, Nigeria’s fastest-growing insurance Group, will headline the inaugural International Conference for Women in Insurance as its lead sponsor as part of its commitment to fostering gender inclusion in the insurance industry. Hosted by the Africa Insurance Women…
The National Insurance Commission (NAICOM), and some experts have advised the youth and other Nigerians to imbibe the culture of subscribing to insurance policies to secure a brighter future. Mr Olusegun Omosehin, the Commissioner for Insurance (CFI) said in an…
The Commissioner For Insurance, Mr Olusegun Omosehin, on Friday decried the impact of inflation on the insurance industry. Omosehin, also the Chief Executive Officer(CEO), National Insurance Commission (NAICOM), raised the concern at the Insurance Meet Tech(IMT) 2024 conference held in…
The National Insurance Commission (NAICOM) and the Ministry of Aviation have agreed to work together to ensure aviation industry reinsurance. Mr Olusegun Omosehin, NAICOM’s Commissioner for Insurance, said this in Abuja on Thursday, while on a visit to the Minister…
By Esther Agbo Cornerstone Insurance Plc has expressed readiness for potential regulatory changes, particularly in the area of recapitalisation, as the industry braces for new capital requirements proposed by the National Insurance Commission. The company’s Managing Director, Stephen Alangbo, made…
