The National Insurance Commission (NAICOM) says it will commence the ranking and rating of insurance companies in line with the number of claims received and settled on annual basis. The Commissioner for Insurance, Mr Sunday Thomas, said this at the…
The National Insurance Commission (NAICOM) on Monday said that the insurance industry recorded N2.1 trillion as total assets in its 2021 unaudited industry’s performance report. Mr Rasaaq Salami, Head, Corporate Communications and Market Development, NAICOM, stated this in a statement…
The insurance companies in Nigeria earned N630.36 billion premium in 2021. The Head, Corporate Communications and Market Development, National Insurance Commission, Rassaq Salami, disclosed this in its unaudited result for 2021 on Monday. According to the commission, this was a…
By Asishana John The Commissioner for Insurance, National Insurance Commission, Mr Sunday Thomas, has said the commission is partnering with states to ensure the enforcement of compulsory insurance policies in the country. Thomas said this during a sensitisation programme for…
By Asishana John The Commissioner, National Insurance Commission, Mr Sunday Thomas, has said NAICOM will enforce full compliance with the International Financial Reporting Standards 17 on January 1, 2023. Thomas spoke while delivering his speech at the Insurance Director’s Conference…
The Commissioner for Insurance, Mr Sunday Thomas, on Wednesday urged directors of insurance companies to take retail insurance business seriously in order to boost their fortunes across the country. Thomas, also Chief Executive Officer (CEO), National Insurance Commission (NAICOM), gave…
…Expresses worry over uninsured public buildings under construction By Asishana John The National Insurance Commission (NAICOM), in collaboration with industry operators, is targeting January 2022 for the review of third-party insurance premiums. This was disclosed over the weekend by the…
By Asishana John The National Insurance Commission (NAICOM) has called on all African governments to support the insurance industry for economic growth. The Commissioner for Insurance, Sunday Thomas, who made the call at the industry’s conference charged the new president…
By Kayode Tokede The Securities and Exchange Commission (SEC) and National Insurance Commission (NAICOM) have sanctioned African Alliance Insurance Plc N3.9million for contravening certain regulations in 2020 financial year. The capital market regulating body sanctioned the Insurance company N3.4million in…
By Kayode Tokede AXA Mansard Insurance Plc, has obtained pre-requisite regulatory approvals to reconstruct its shares, from a nominal value of 50 kobo to N2 per share. This is according to a disclosure signed by the company’s secretary, Mrs Omowunmi…
