As businesses and individuals adopt cost reduction measures in response to rising inflation and the harsh business environment, the National Insurance Commission, NAICOM, has charged Nigerians to avoid the tendency to shun insurance of their assets.

AIICO Insurance plc on Wednesday said it had surpassed the December 2020 deadline expectations of the National Insurance Commission (NAICOM). Mr Babatunde Fajemirokun, its Managing Director /Chief Executive Officer (CEO) said this in a statement by the company in Lagos. He said that the company had made satisfactory progress in its recapitalisation journey. “There are […]

By Rosemary Onuoha The National Insurance Commission (NAICOM) said it is compiling the list of insurance companies for necessary regulatory sanctions over unsettled claims which industry experts have estimated to be over N40 billion. Commissioner for Insurance, Sunday Thomas, speaking at the 2020 insurance directors’ conference organised by NAICOM and the College of Insurance and […]

The National Insurance Commission (NAICOM) said it is compiling the list of insurance companies for necessary regulatory sanctions over unsettled claims which industry experts have estimated to be over N40 billion.

The National Insurance Commission (NAICOM), has appealed to state governments to domesticate compulsory group life insurance and other insurances in their states. Mr Sunday Thomas, the Commissioner for Insurance of NAICOM, made the appeal on Tuesday when he visited Gov. Kayode Fayemi of Ekiti State. Also read: Contributory Pension Scheme: Obaseki presents N6.97m to families […]