Insurers intensify fight against COVID-19 negative impact
Underwriting firms in Nigeria’s insurance industry have begun to invest more in Corporate Social Responsibility (CSR) especially in this period of the coronavirus pandemic. The
Category : Insurance
NAICOM segments, extends full recapitalisation of insurance companies to 2021
National Insurance Commision (NAICOM) has directed insurance and re-insurance companies to comply with approved minimum paid-up capital not later than Sept. 30, 2021 as against
Non-performing loans of insurance firms, others drop by N24.28bn
The non-performing loans of insurance companies and other finance organisations granted by banks have dropped by N24.28bn. Specifically, the loans dropped from N28.86bn in December
Mutual funds to hit N1.5tn this year – SEC
Exchange Commission has said that Collective Investment Scheme in the nation’s capital market may hit over N1.5tn before the end of this year. The CIS,
N8.4b debt: AMCON seizes 72 luxury flats, shopping complex, lands…RCCG, two other churches locked out
The Asset Management Corporation of Nigeria (AMCON) Friday moved against 12 debtors owing the Federal Government N8.4billion by seizing their multi-billion naira properties across Lagos.
Annuity contributes about 40% investment to insurance sector – NAICOM
The National Insurance Commission (NAICOM) says annuity market currently contributes about 40 per cent investment to the growth of the insurance sector. Annuity is a
NAICOM offers full sponsorship of certification of 100 Actuarial Analysts
The National Insurance Commission (NAICOM) on Thursday announced full sponsorship of 100 practitioners in the insurance industry to be certified as Actuarial Analysts, toward developing
Recapitalisation: NIA lauds NAICOM, urges insurers to take advantage of extension
The Nigerian Insurers Association (NIA) on Saturday appealed to its member companies to take advantage of the extension of the recapitalisation deadline recently announced by
NAICOM says extension of licences renewal will ease Insurance Brokers, Loss Adjusters operations
The National Insurance Commission (NAICOM), says the extension of renewal of licences of Insurance Brokers and Loss Adjusters to two years will ensure they transact
2020, a year to turn around insurance industry — NAICOM
The National Insurance Commission (NAICOM) says 2020 is a year to turn around the fortunes of the insurance industry. Mr Sunday Thomas, Acting Commissioner for
