The National Insurance Commission (NAICOM) has revealed that 26 insurance companies complied with the statutory requirements on submission of their 2015 first quarter returns as at the end of April this year.
This disclosure was contained in the notice on the Commission’s official website.
The companies listed as having complied with the requirements include, Royal Exchange Insurance, Mutual Benefits; Custodian & Allied Insurance; Guinea Assurance; NEM Insurance and Sovereign Trust Insurance Plc.
Others are, Cornerstone Insurance Plc ; Equity Assurance Plc; Guinea Assurance Plc; Wapic Insurance; Wapic Life Assurance ;Wapic Ghana ;KBL Insurance Limited; FBN Life; ARM Life Insurance UBA Metropolitan Life; Oasis Insurance; Linkage Assurance and Unity Kapital Assurance Plc. Also hosted on the site are, Lasaco Assurance Plc; Nigerian Agricultural Insurance Corporation; Standard Alliance Insurance Plc; Standard Allliance Life Assurance Plc; Union Assurance Plc; Nigerian Reinsurance Corporation and Fin Insurance.
The NAICOM also indicated that it had granted approval of 2014 financial accounts to 23 insurance firms as at last Tuesday while 17 others were being reviewed.
The companies granted approvals for their 2014 financial accounts are, Wapic Life and General; Custodian Life and General; Law Union & Rock, Mansard Insurance, , UBA Metro; FBN Life; Oasis Insurance and Zenith Life and General. Others are, Royal Exchange Life and General; AIICO Insurance Plc ; Prestige Insurance; Consolidated Hallmark; Continental Re; NSIA Insurance; NEM Insurance Plc; Leadway Assurance; Unity Kapital and Equity Assurance.