NAICOM’s new categorisation policy unhealthy for insurance industry —NUBIFIE
National Union of Banks, Insurance and Financial Institutions Employees, NUBIFIE, has warned that the new policy by the National Insurance Commission, NAICOM, categorizing insurance firms into tiers 1, 2 and 3 would throw the industry into chaos leading to the collapse of many insurance companies.
NAICOM directs weak insurers to seek mergers, acquisition
NATIONAL Insurance Commission, NAICOM, has called on weak insurance companies to seek opportunities for mergers or acquisition.
NAICOM lists prospects of insurance contributions to the economy
THE Commissioner for Insurance and Chief Executive of the National Insurance Commission, NAICOM, Mr. Mohammed Kari, has said that strengthening existing practices and creating room for better practices in the insurance industry can boost the economy.
NAICOM to shut doors against CEOs reps. at Insurers’ C’ittee meetings
The Commissioner for Insurance (CFI), Alhaji Mohammed Kari, has warned that the Commission will no longer admit representatives at meetings meant for Chief Executive Officers of insurance companies.
NAICOM imposes $4m fine on insurers for non-compliance
National Insurance Commission, NAICOM, has imposed $4 million on some insurance companies for non-compliance with operational rules and guidelines.
NAICOM targets 15 other insurance companies for IBAI
National Insurance Commission, NAICOM, said it is targeting 15 more companies for the Index-Base Agriculture Insurance, IBAI.
