Thursday, July 10, 2025

INSURANCE

INSURANCEOTHER BUSINESSESTOP STORY

Insurance Sector Life Annuity Fund Portfolio hits N323bn – NAICOM

  The Insurance sector life annuity fund portfolio stood at about N323 billion at the end of the second quarter of 2019. The information was made available by Mr Rasaq Salami, Head, Commissioner for Insurance Directorate of the National Insurance Commission (NAICOM) in a statement on Saturday in Abuja. Salami...
INSURANCEOTHER BUSINESSESTOP STORY

NAICOM suspends Guinea Insurance

The National Insurance Commission (NAICOM) has suspended Guinea Insurance Plc from doing new businesses, it was gathered on Wednesday. Sources within the insurance industry said the suspension took effect from January 29 this year. Going forward and until the suspension is lifted, the firm cannot take new businesses except to...
INSURANCEOTHER BUSINESSESTOP STORY

NAICOM cancels recapitalization, reclassification plan of insurance policy

  The National Insurance Commission (NAICOM) has withdrawn and canceled the circular on Tier Based Minimum Solvency Capital (TBMSC) policy meant to recapitalize and reclassify insurance companies. The circular has since sent shockwaves within the insurance companies and observers across the continent. While some operators who have expended millions on...
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