insurance

The National Insurance Commission has said that it would deploy new strategies to grow the insurance sector. The Commissioner for Insurance and Chief Executive Officer, National Insurance Commission Mr Sunday Thomas, during a…

The National Insurance Commission (NAICOM) has reiterated  its commitment to prompt settlement of  claims by insurance companies to victims of flood who are insured. The commission made the commitment in a statement by the Head of…

The Insurance Industry in Nigeria recorded about N369.2 Billion in the second quarter of 2022, indicating a 20.1 percent growth rate compared to the same period of the previous year and an impressive 65.0 percent, quarter on…

Nigerian airline operators are finding it extremely difficult to pay the premium on their assets such as aircraft and others, the Nigerian Insurance Commission has said. Director, Policy and Regulations, NAICOM, Leo Akah, has said many…

Standard Alliance Insurance Plc has dragged the National Insurance Commission (NAICOM) to a Federal High Court in Lagos over the cancellation of its operating licence. The insurance firm's operating licence was revoked in June this year.…

Nigeria is set to put in place a policy that would ensure that all Ministries, Departments and Agencies (MDAs) take compulsory insurance cover on all Federal Government assets. The Secretary to the Government of the Federation (SGF),Boss…

Nigeria Deposit Insurance Corporation (NDIC), has warned the general public to desist from investing funds with illegal fund managers as it does not insure investments with them. The NDIC stated that it “insures only deposits of…

The National Insurance Commission, NAICOM has cancelled the certificates of registration of Standard Alliance Insurance Plc, RIC - 091 and Niger Insurance Plc, RIC - 029 with effect from the 21st day of June, 2022. The Commission in a…

The Kano State Government has resolved to explore the opportunities in the  insurance sector to attract foreign investment into the State. The State Government is optimistic that an…