…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…
By Kayode Tokede The National Insurance Commission has announced that from September 1st, all its operations will be done online including the processing of requests from insurance companies. The announcement was contained in a circular issued on in ABUJA on…
By Asishana John The National Insurance Commission (NAICOM), has rolled out various strategic plans aimed at bringing into insurance net, over 10million informal sector operators. These include Nano, Micro, Small and Medium Enterprises’ owners across all sectors of the economic.…
The National Insurance Commission (NAICOM) has approved the new board and management of NICON Insurance Limited and Nigeria Reinsurance Corporation (Nigeria Re). The change is to enhance the smooth running, efficient and effective management of the two firms. The reason…
By Asishana John The National Insurance Commission (NAICOM) has revealed plans to sanction insurance operators that fail to implement the corporate governance guidelines in the country. The Commissioner for Insurance, Sunday Thomas, at a workshop in Lagos, said the absence…
The National Insurance Commission (NAICOM) has inaugurated the Sub Working Groups (SWGs) of the Insurance Industry Financial Reporting Working Group (IIFRWG). Commissioner for Insurance, Mr Sunday Thomas, inaugurated the group on Monday in Lagos. Thomas said that the SWG was…
Commissioner for Insurance, National Insurance Commission (NAICOM), Mr. Sunday Thomas says the insurance and banking sectors can deepen their penetration in Nigeria by looking beyond the traditional distribution channels. Thomas spoke at a virtual forum with the topic: “Bancassurance in…
