Tag: NAICOM
NIIRA 2025: NAICOM inaugurates 11-member recapitalisation committee
NAICOM said its responsibility would also include ensuring compliance with revised capital requirements and promoting transparency and integrity in sourcing…
How NIIRA Act 2025 will revolutionize insurance industry – NAICOM
NAICOM said NIIRA Act 2025 provided a modernized framework that will enhance insurance penetration, promote economic growth, protect policyholders’ interests…
NAICOM directs insurance company to settle customers’ outstanding claims
The commission said the directive was due to increased complaints by annuitants and insurance claimants against the company.
Tinubu makes key appointments into NAICOM Board
Tinubu appointed Ms. Halima Kyari as Chairperson of the NAICOM Board and Mr. Olusegun Ayo Omosehin as the Commissioner for…
Insurance stakeholders speak on 10-year strategic roadmap
Stakeholders view this development as a strategy for upgrading the industry as a market leader in the foreseeable future.
NAICOM jacks up insurance rates for vehicles, tricycles, others – See all the new rates
The commission also stated that the Third Party Property Damage (TPPD) which is the limit of claims an insured can…
NAICOM to begin enforcement of compulsory insurances in FCT
NAICOM had organised a workshop for the Joint Taskforce on the enforcement of Compulsory Insurances in the FCT as a…
N5000 Third Party Motor Insurance for review
National Insurance Commission and insurance operators have started talks on reviewing the Third Party Motor Insurance.
NAICOM again bows to pressure, withdraws SIP policy
The National Insurance Commission (NAICOM) on Thursday withdrew State Insurance Producer (SIP), a new insurance distribution channel it newly evolved.
NAICOM dissociates self from trending Ponzi scheme
The National Insurance Commission (NAICOM) has dissociated itself from a Ponzi scheme, which was recently ascribed to it and is…
Insurance recapitalization deadline now Oct. 1 – NAICOM
The National Insurance Commission (NAICOM) on Friday confirmed backdating the insurance companies Tier-based recapitalization commencement date to Oct. 1, as…
Brokers Hail NAICOM For Abolishing Annual Licence Renewal
The President, Nigeria Council of Registered Insurance Brokers (NCRIB), Mr Kayode Okunoren, has applauded the National Insurance Commission (NAICOM) for…
NIA assures claims settlement within 90 days
The National Insurance Commission (NAICOM) will withdraw the licence of any insurance company that will fail to settle claims to…
Airtel Unveils Life Insurance Plan
Daniels Ekugo To reward its loyal customers, telecommunications network, Airtel Nigeria, has launched a free life insurance plan in partnership…
Akure insurance broker suspended
The National Insurance Commission (NAICOM) on Wednesday in Abuja suspended Prime Investment Insurance Brokers Limited from doing business as insurance…