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,…
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 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 issued an exposure draft of its “Insurance Risk-Based Capital Regulation, 2024,” introducing new minimum capital requirements aimed at strengthening the capital adequacy and resilience of Nigeria’s insurance sector. The draft, detailed in a circular…
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…
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…
