Due to lack of ‘process’, NAICOM says no insurance firm has met recapitalisation requirement
NAICOM disclosed yesterday that no single insurance company in the country has technically met the financial requirement it set forth.
Tag: insurance
Insurance: NAICOM extends recapitalization deadline
In May 2019, NAICOM re-introduced the previously suspended recapitalization exercise albeit with more stringent capital requirements.
SEC to aid insurance recapitalization process – Insurer’s Committee
SEC has declared its support for insurance firms seeking to take advantage of long term investments in the capital market. ...
Insurance recapitalisation, greatest deservice to industry- Mutual Benefit boss
Insurance recapitalisation is counterproductive. #MUTUALBENEFIT #NAICOM
Why do I need an insurance
Why do I need an insurance
NAICOM to ban borrowing for recapitalisation as foreigners takeover insurance market
The Director, Policy & Regulation, Directorate of the National Insurance Commission (NAICOM), Pius Agboola, has hinted that Insurance Companies would ...
CBN warns banks against enforcing insurance cover on borrowers
Following the slight decline of MFB's bad loans recorded last year, the CBN has warned banks to not enforce insurers ...
AXA Mansard announces AXA, Liverpool global partnership
French multinational insurance firm, AXA, the parent company of Nigerian insurance firm, AXA Mansard, has signed a global partnership with English ...
Why NAICOM failed to meet N1 trillion projection
Insurance operators in Nigeria have been blamed for the National Insurance Commission's (NAICOM) failure to meet its projection of N1 ...
Insurance New Regulation: Corporate Action unavoidable for some Insurers
With a lot of insurers having low solvency capital, we anticipate several corporate actions.
