By Favour Nnabugwu The National Insurance Commission (NAICOM) has approved the  2015 financial accounts of 48 out of the 54 insurance companies in the country. It was also gathered that the apex insurance body has approved the accounts of two insurance firms out of the 12 firms that have submitted their accounts for the year. […]

The staff of the National Insurance Commission, who penultimate week staged a peaceful protest against the management of the commission over alleged victimization and corruption, were on Tuesday morning harassed by security agents who said they were simply obeying orders from above.

The last may not have been heard of the battle between the executive management of the National Insurance Commission (NAICOM) and the Commission’s staff under the Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Service Employees (AUPCTRE) as the insurance regulator is alleged to have reneged on some of the contending issues agreed upon by both parties.

The National Insurance Commission, NAICOM, has said that the country is much likely to attain a sustained economic growth and development if it can adapt its insurance industry with innovative ways that will bring on board the generality of the country’s population

President Goodluck Jonathan’s administration has wielded the big stick against the insurance sub-sector as it suspended issuance of new licences for insurance companies and stopped budgetary allocations to National Insurance Commission, NAICOM, the regulatory body of the sub-sector.