NAICOM to sanction insurance firms over N40bn unpaid claims
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 […]
Six companies meet recapitalisation threshold
While many insurance companies are yet to disclose their recapitalisation plans as mandated by the National Insurance Commission, NAICOM, Vanguard investigations reveal that only five have successfully crossed the new capital threshold.
NAICOM should convert failed coys to micro insurers – Apere
As insurance companies make various efforts to meet up with the recapitalisation programme, the National Insurance Commission, NAICOM, have been advised to ensure that no company dies but should convert those that fail to scale the hurdles to micro insurance firms.
NAICOM should convert failed coys to micro insurers – Apere
By Rosemary Onuoha As insurance companies make various efforts to meet up with the recapitalisation programme, the National Insurance Commission, NAICOM, have been advised to ensure that no company dies but should convert those that fail to scale the hurdles to micro insurance firms. The Managing Director/Chief Executive Officer, Achor Actuarial Services Limited, Mr. Pius […]
Recapitalisation: NAICOM vows to checkmate injection of illicit funds
The National Insurance Commission, NAICOM, has said that it will not allow insurance companies to recapitalise with illicit funds in their bid to meet the new minimum paid-up capital requirement.
Kari steps down as Thomas takes over NAICOM
LAGOS—ALHAJI Mohammed Kari, yesterday, stepped down as the Commissioner for Insurance and Chief Executive of the National Insurance Commission, NAICOM, following failure of the Federal Government to renew his appointment.
