NAICOM unveils strategic plans to boost public trust
The National Insurance Commission (NAICOM) has unveiled its 2021-2023 strategic plans for efficient service delivery, protection of trust and confidence in the industry.
NAICOM Head,...
FG approves N9.2bn premium for civil servants’ Life Insurance
The Federal Executive Council (FEC) has approved the sum of N9.2billion as premium to insurance companies that will manage the group life insurance for...
NAICOM inaugurates working groups for IFRS 17 adoption
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...
Nigerian insurers settle N4bn #EndSARS claims -NIA
The Nigerian Insurers Association (NIA) has said insurance companies have so far paid N4 billion claims from the estimated losses from #EndSARS protests in...
Life pension bill scales 1st reading at Enugu Assembly
A bill for a law to provide life pension for the former governor and deputy governor of Enugu state has scaled through first...
African Alliance Insurance pays N967m claims in 40 days
African Alliance Insurance says it paid claims in excess of N967 million in the first 40 days of the 2021 business year.
The firm’s...
AIICO Insurance gross premium hits N62bn in 2020
An insurance company, AIICO Insurance Plc, says it recorded a Gross Premium of N62.0 billion for its financial period ended Dec. 31, 2020.
The...
NAICOM disburses fund for training of 60 Actuaries
The National Insurance Commission (NAICOM) on Monday disbursed an undisclosed amount to the College of Insurance and Financial Management (CIFM) to train 60...
PenCom begins automated verification first quarter 2021
The National Pension Commission (PenCom) on Wednesday said it was putting in place an automated process to ensure seamless conduct of the annual verification/enrolment...
Reps directs NAICOM to suspend Dec 31 deadline for Insurance recapitalisation
wants six months extension
The House of Representatives has directed the National Insurance Commission (NAICOM) to suspend the December 31, 2020 deadline given to...
