THE National Insurance Commission (NAICOM) has commended the Nigerian Council of Registered Insurance Brokers (NCRIB) for promoting compliance and professionalism within Nigeria’s insurance industry. The Commissioner for Insurance (CFI), Mr Olusegun Omosehin, said this while receiving a delegation from NCRIB in Abuja, led by its President, Mr Babatunde Oguntade, and …
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National Insurance Commission (NAICOM) has launched a newly redesigned website, aimed at improving user experience, transparency, and efficiency. The commission disclosed this in a statement in Lagos on Wednesday. It said,“The revamped website is designed to provide easy access to information on insurance regulations, policies, and industry developments. “Key features …
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THE National Insurance Commission (NAICOM) has issued operational guidelines for Insurtech businesses in the country to enhance insurance services. A statement by NAICOM in Abuja on Wednesday, said the guidelines would take effect from Aug. 1 to provide clear and unified regulatory framework for licensing, operations, and supervision of Insurtech …
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The National Insurance Commission (NAICOM) has called for increased public awareness and engagement in the insurance sector as a critical step toward securing Nigeria’s economic future. Mr Olusegun Omosehin, Commissioner for Insurance and Chief Executive Officer of NAICOM made the call on Monday during the ongoing maiden edition of Insurance …
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THE National Insurance Commission (NAICOM) says it is determined to flush out illegal and fake insurance operators defrauding, deceiving and misleading the public for their selfish interests. NAICOM said this in a notice on Tuesday in Abuja while reacting to a statement by the National Cooperative Insurance Society of Nigeria …
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THE National Insurance Commission (NAICOM) on Wednesday wielded the big stick, sacking the board and management of the ailing African Alliance Insurance Plc, one of Nigeria’s oldest life assurance companies. The regulator, having taken over the insolvent firm over failure to meet obligations to annuitants and policyholders, has also appointed …
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The Federal Government and the National Insurance Commission (NAICOM) have opened discussions to establish new guidelines for the insurance of government assets. The new strategy is being nurtured by the Secretary to Government of the Federation, Senator George Akume, who has already opened talks with the Commissioner for Insurance (CFI), …
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The regulator of the insurance industry, the National Insurance Commission (NAICOM) has cancelled the Certificates of Registration of Niger Insurance Plc and Standard Alliance Insurance Plc. It disclosed this in a statement by the Head, Corporate Communications and Market Development, ‘Rasaaq ‘Salami, for the Commissioner for Insurance, NAICOM, titled ‘Notice of …
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