Insurance: “No premium No Cover” 10 years after
No premium no cover,” which is a market conduct reform of the National Insurance Commission is now ten years in its implementation. Ebere Nwoji reports
Category : Insurance
Consumers reject NAICOM’S directive on 3rd party insurance, call for reversal
The Insurance Consumers Association of Nigeria (INSCAN) has called on the National Insurance Commission (NAICOM) to reverse its directive on the increase of third Party
LASG commences issuance of International Driver’s Permit
The Lagos State Government says it will start the issuance of International Driver’s Permit effective December 2022. The Director, Vehicle Inspection Service (VIS) in the
In 12 years, only 3.5m of 14m vehicles are insured
More than 10 years after the introduction of the Nigerian Insurance Industry Database (NIID) by the Nigeria Insurers Association (NIA), insurers are yet to capture
Air Peace partners AIICO Insurance to compensate air travellers
Air Peace has introduced an insurance package from AIICO Insurance Plc., to compensate unpleasant experiences of domestic travellers. A statement by Mr Segun Olalandu, Head,
Domestic airlines struggle to pay insurance premium –NAICOM
Nigerian airline operators are finding it extremely difficult to pay the premium on their assets such as aircraft and others, the Director, Policy and Regulations,
Consolidated bill and future of insurance sector
The Consolidated Insurance bill has been on the table of Nigerian lawmakers for over 12 years waiting for passage. Ebere Nwoji looks at the impact
Liquidation: Standard Alliance drags NAICOM to court
Standard Alliance Insurance Plc has dragged the insurance industry’s regulator, the National Insurance Commission, to the Federal High Court in Lagos over the cancellation of
NAICOM gives licences to new companies
After several years of not granting licences to new insurance and reinsurance companies, the National Insurance Commission (NAICOM) has given reasons it granted FBS Reinsurance,
Claims plods AXA mansard Insurance profits
With mounting gross claim expenses and increase in gross premium written, Axa Mansard Insurance Plc reported decline in profits to underline a challenging operating environment.
