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Insurance Sector’s Assets Hit N793.6bn
The National Insurance Commission (NAICOM) has said that regulatory framework it has put in place has added significant growth value to the sector bringing significant development to the industry. The...
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Insurance Of Benin Poised To Gain Promotion To Elite Division, Vows Edo Govt
The Edo State Government says its massive support to Bendel Insurance FC of Benin, is to ensure they do not have excuses to scuttle their quest to gain promotion to the elite division of the league....
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Banks’ Non-performing Loans Ratio Drops To 2.8% – NDIC
Even as more banks state their resolve to publish the names of bad debtors, the Nigeria Deposit Insurance Corporation (NDIC) has declared commercial banks in the country as safe and sound. The NDIC in...
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3000 Delegates To Attend First Insurance Industry Mega Conference
About 3000 delegates are expected to attend the maiden Insurance Industry Mega Conference expected to open in Abuja on Monday. Mr Bola Telumo, the Chairman of Insurance Industry Consultative Council...
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As Fola Daniel Exits NAICOM Stakeholders Praise His Tenure
Stakeholders in the Nigeria Insurance sector are closely monitoring the turn of events as the tenure of the present commissioner for insurance, Fola Daniel, an amiable manager of insurance activities...
View ArticlePresident Buhari Appoints Kari As Commissioner For Insurance
President Muhammadu Buhari has appointed Alhaji Mohammed Kari as the Commissioner for Insurance and Chief Executive of the National Insurance Commission. This is contained in a statement issued in...
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NAICOM Clamps Down On IGI, UnityKapital Assurance
The National Insurance Commission (NAICOM) has clamped down on Industrial and General Insurance (IGI) Plc and UnityKapital Assurance Plc in exercise of the powers conferred on it by enabling laws. The...
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No Going Back On Deadline For Insurance Firms On Outstanding Claims – NAICOM
The Commissioner for Insurance, Alhaji Kari Muhammad, has said that NAICOM will not go back on the Sept 30 deadline for insurance companies to clear all outstanding claims of policy holders. Muhammad...
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PenCom Enforces Remittance Of Workers’ Salaries To Pension Manager
Companies and establishment who deduct salaries of their employees but not remitting same to the designated pension managers will soon soon face the law. The National Pension Commission (PenCom) said...
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NAICOM Partners Anglophone Countries To Strengthen Insurance Supervision
The National Insurance Commission (NAICOM) has signed a Memorandum of Understanding (MoU) with some Anglophone countries to strengthen cross border insurance supervision in West African countries. The...
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Global Energy & Power Insurance To Hit $24.59bn By 2018
Global energy and power insurance premiums worldwide are likely to increase to a value of approximately $24.59 billion under a low oil price scenario segmenting between around $14.14 billion in energy...
View ArticleNIA Commends NAICOM On Mou On Border Insurance Supervision
The Nigeria Insurers Association (NIA) has commended NAICOM for signing a Memorandum of Understanding (MoU) with some anglophone countries to strengthen cross border insurance supervision in West...
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Wake Up To Your Responsibility, Adeosun Tells NAICOM
The Minister of Finance, Mrs Kemi Adeosun, on Friday advised the National Insurance Commission (NAICOM) to rise up to its responsibilities and explore untapped potential. Adeosun made the call at a...
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Nigeria’s Insurance Market To Reach N1trn By 2019
Insurance expert, Godwin Wiggle has said that with sweeping reforms embarked by the industry regulator, the National Insurance Commission (NAICOM) the Nigerian Insurance industry is expected to make...
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Zambia Tops Nigeria In Insurance Opportunities – Report
A survey of 125 insurance regulators and executives in Sub-Saharan Africa conducted by U.K-based professional services firm EY, FinChannel has placed Zambia as No. 1 in Sub-Saharan Africa in growth...
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NCRIB To Re-enlist 21 Delisted Brokers
The President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Mr Kayode Okunoren, said on Tuesday that the council would re-enlist 21 of its members de-listed from practice in 2015....
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How Agencies Frustrate Compulsory Insurance Enforcement
By simple definition, compulsory insurance is that class of insurance which by law is made compulsory with the ultimate objective of providing protection to third parties and the general public....
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Many Hurdles Of MDRI, Takaful Insurance
The Market Development and Restructuring Initiative (MDRI) is an evergreen package meant to prop Nigeria’s insurance sector, but so far the implementation has stalled the brilliant initiative, writes...
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15 Insurance Firms Submit Financial Reports To NAICOM
The National Insurance Commission (NAICOM) has given approval to seven insurance companies’ financial reports and disclosed that 15 companies have so far submitted their 2015 audited financial results...
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How Firms’ Income Tax Lowers Profit Yield In Insurance Sector
Multiplicity of taxes have directly and indirectly affected business development in Nigeria, but the Companies Income Tax Act 2007 is further crippling the insurance sector performance, Chika Izuora...
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