NAICOM

The National Insurance Commission and the Nigerian Data Protection Commission have signed a Memorandum of Understanding to strengthen data protection in the insurance sector. According to a statement from NAICOM, this is a significant…

Nigerian insurance companies earned N729.1bn premium from life and non-life businesses in the first three quarters of 2023 financial period. The National Insurance Commission disclosed this in a report titled, ‘Nigeria insurance market at…

The Commissioner for Insurance, National Insurance Commission, (NAICOM), Mr Sunday Thomas, has tasked insurance companies with the development of green products and improving operations geared towards energy efficiency. He gave…

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, says it got approval to purchase an unfinished property for the NAICOM Academy and office accommodation. The management of the Commission disclosed this in a statement obtained by Voice of…

The Nigerian Government has called on the National Insurance Commission (NAICOM) to put in place measures that will ensure insurance companies meet their obligations to policy holders by paying claims promptly. Dr Zainab Ahmed, the…

The National Insurance Commission (NAICOM) has called on Nigerians to report underwriting companies that fail to pay genuine claims to policyholders as and when due. The Commissioner for Insurance, Sunday Thomas, in a paper delivered at…

The National Insurance Commission (NAICOM), has said that it would sanction any insurance firm that failed to upload its daily operational transactions into its regulatory portal. This is just as the umbrella body of insurance…

The National Insurance Commission (NAICOM) says it has prospects to achieve 10 percent increase in insurance density and penetration. It also says, it can achieve N1.5 trillion Gross Written Premium (GWP) when it works with Small and…