IFRS 17: Insurers should develop business plan — NAICOM
The National Insurance Commission, NAICOM, has charged insurance companies to develop business plan in preparation for transition to IFRS 17 before the implementation date of January 2022.
NAICOM approves first micro insurance company to run state business
In a move to deepen insurance penetration and acceptance in the country, the National Insurance Commission, NAICOM, has approved GOXI Microinsurance Company Limited to operate as a State Composite Micro-insurer .
NAICOM restructures Goldlink’s management board
The National Insurance Commission, NAICOM, has appointed Mr. Edore Kenneth Egbaran as the new Managing Director/Chief Executive Officer of Goldlink Insurance Plc.
FG pledges support to NAICOM on existing, prospective operators
Federal Government has assured the National Insurance Commission (NAICOM) of its support in executing its mandate on existing and prospective operators in the insurance industry.
Why insurers failed the N1trn income target — NAICOM
The insurance industry could not achieve the N1 trillion premium income target due to inappropriate risk pricing.
Successful insurance companies have history of positive claims settlement – NAICOM
In this interview, Deputy Commissioner for Insurance, Technical, at the National Insurance Commission, NAICOM, Mr. Sunday Thomas, harps on the need for prompt payment of claims and other issues. Excerpt:
Tension in insurance sector as operators undermine rate policy
THERE are apprehensions in the insurance industry over allegations that some insurance operators have cleverly created means of giving out discounts on compulsory classes of insurance thereby bypassing the pricing policy by the National Insurance Commission, NAICOM.
2019: NAICOM warns operators against rate cutting
The National Insurance Commission (NAICOM) on Saturday, cautioned insurance operators against rate cutting in 2019.
NAICOM seeks other tools to enforce capital adequacy problem
THE National Insurance Commission, NAICOM, has said that it will consider other appropriate tools to address the issue of low capital in the insurance industry, following withdrawal of the circular on Tier Based Minimum Solvency Capital, TBMSC.
Successful insurance companies have history of positive claims settlement – NAICOM
In this interview, Deputy Commissioner for Insurance, Technical, at the National Insurance Commission, NAICOM, Mr. Sunday Thomas, harps on the need for prompt payment of claims and other issues. Excerpt:
Experts call for increased insurance during election periods
The National Insurance Commission, NAICOM, has said that there is need for Nigerians to embrace insurance as a form of risk management mechanism in the election periods.
2 micro-insurance outfits to commence operations soon – NAICOM
The National Insurance Commission (NAICOM) on Monday said that two micro-insurance companies would soon commence operations in the country, as they are on the verge of securing regulatory approval.
Presidency, Finance Ministry delay Nigeria’s membership of ATI
THE Presidency and the Federal Ministry of Finance are yet to sign the African Trade Insurance, ATI, treaty thus delaying the country’s membership of the regional body.
Insurers at discord with NAICOM over new policy
THERE are indications that the State Insurance Producers, SIP, initiative billed to commence from January next year, could face stiff opposition as insurance operators, especially brokers, said the scheme could edge them out of business in the states.
NAICOM restructures, creates 20 state branches
THE National Insurance Commission, NAICOM, has created 20 additional state branch offices across the six geo-political zones.
Recapitalisation : Shareholders laud NAICOM’s cancellation
Shareholders on Monday commended the National Insurance Commission (NAICOM) over the cancellation of the Tier Based Solvency Capital recapitalisation.
