By Esther Agbo The National Insurance Commission (NAICOM) has unveiled plans to increase the number of insurance agents in Nigeria to boost insurance penetration, which in 2022 industry survey by Augusto and Co, stands at less than 1 percent, one…
The Gross Premium Written of the Nigerian Insurance industry for the fourth quarter of 2023 stood at N1.003 trillion. This represents about 27 percent growth compared to N790 billion recorded in 2022. This was disclosed in the fourth quarter Insurance…
The National Insurance Commission (NAICOM) says the commission is not conducting any recruitment exercise currently or offering any grants or financial assistant programmes. Head, Corporate Affairs, National Insurance Commission (NAICOM), Mr Rasaaq Salami disclosed this in a statement on Wednesday in…
The National Insurance Commission (NAICOM) says the commission is not conducting any recruitment exercise currently or, offering any grants or financial assistant programmes. Mr Rasaaq Salami, Head, Corporate Affairs, National Insurance Commission (NAICOM) disclosed this in a statement on Wednesday…
The Nigerian Content Development and Monitoring Board (NCDMB) has assured the National Insurance Commission (NAICOM) of its willingness to implement the insurance services regulations jointly issued by both agencies in June 2022, to get Nigerian oil and gas companies to…
The Commissioner For Insurance, Mr Sunday Thomas, says recent efforts by NAICOM to review status of claims in the books of insurance companies and findings during onsite examination, reveals worrisome number of outstanding claims. The commissioner also charged Boards of…
The National Insurance Commission (NAICOM) on Friday warned insurance operators against dealing with unlicensed brokers and agents to facilitate insurance businesses. Mrs Ebelechukwu Nwachukwu, Chairman, Sub-Committee on Publicity of the Insurers Committee,said this while briefing newsmen on the outcome of…
The National Insurance Commission (NAICOM) has reaffirmed its commitment for an enabling environment to enhance the growth and development of the insurance industry. The Commissioner for Insurance, Mr Sunday Thomas, said this at the United Capital Securities Ltd. CEO Roundtable…
The Yobe state government through the Commissioner of Housing and Urban Development, Arch. Ahmed Buba Abba has tasked the National Insurance Commission (NAICOM) to formulate policies and Programmes that will make the insurance sector attractive to Nigerians. The Honourable Commissioner…
The Commissioner of Insurance and Chief Executive Officer of National Insurance Commission (NAICOM), Olorundare Sunday Thomas has disclosed that the total assets of the insurance sector grew at an average of 12 percent from an asset base of N827.5 Billion…
