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NAICOM clarifies position on planned office complex purchase

NAICOM clarifies position on planned office complex purchase

The National Insurance Commission (NAICOM) has justified the bid to acquire an uncompleted office block, saying it will serve a dual purpose as an academy and office accommodation. The acquisition bid, which was started by…

NAICOM acknowledges brokers’ role in deepening insurance

NAICOM acknowledges brokers’ role in deepening insurance

The National Insurance Commission (NAICOM) has extended further hands of collaboration to insurance brokers in the deepening of insurance market in Nigeria. The Commissioner for Insurance, Mr. Sunday Thomas, during a courtesy visit to the…

NAICOM: Simplifying regulation via digital migration

NAICOM: Simplifying regulation via digital migration

The National Insurance Commission (NAICOM), last week, achieved one of the objectives it listed under the three-year strategic reforms (2021-2023) – the online supervision of insurance sector – a feat that will certainly change dynamics…

NAICOM disburses fund to train 60 actuaries

NAICOM disburses fund to train 60 actuaries

The National Insurance Commission (NAICOM) on Monday disbursed an undisclosed amount to the College of Insurance and Financial Management (CIFM) to train 60 professionals as Actuaries in the industry. Dr Yeside Oyetayo, Rector CIFM, made…

NAICOM suspends insurance industry recapitalisation

NAICOM suspends insurance industry recapitalisation

The National Insurance Commission (NAICOM) has complied with court order to suspend the ongoing insurance industry’s recapitalisation. The spokesperson for NAICOM, Rasaaq Salami, said: “You are aware that the issue is in court and there…

Bancassurance: NAICOM hails Coronation Insurance, Access Bank

Bancassurance: NAICOM hails Coronation Insurance, Access Bank

The partnership between frontline underwriting firm, Coronation Insurance Plc and Access Bank Plc on bancassurance has received further commendation from the insurance industry regulator, National Insurance Commission (NAICOM). Speaking at a webinar with the theme,…

NAICOM warns insurance firms against violating rules

NAICOM warns insurance firms against violating rules

The National Insurance Commission (NAICOM) yesterday warned promoters of the newly licensed insurance firms to play by insurance rules and regulations by sticking to the corporate governance ethics. The commission reiterated its resolve to recall…

NAICOM profiles companies with unsettled claims

NAICOM profiles companies with unsettled claims

The National Insurance Commission (NAICOM) is profiling insurance companies with huge unsettled claims for necessary regulatory action, the Commissioner for Insurance, Sunday Thomas, has said. He said this yesterday at the 2020 insurance directors’ conference,…