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NAICOM
News and stories about NAICOM
Nigeria's insurance companies are ramping up product innovation and retail-focused offerings following the completion of the industry's recapitalisation exercise, as operators seek to deploy fresh capital, expand market share, and deepen insurance penetration.
Royal Exchange Prudential Life Plc (REPRU) has put its assets up for auction following the revocation of its insurance licence by the...
African Alliance Insurance Plc has secured shareholder approval to raise up to N12 billion in fresh capital as part of efforts to strengthen its balance sheet and meet regulatory capital requirements.
The National Insurance Commission (NAICOM) has urged insurance operators to shift their focus from the amount of capital raised during the industry's recapitalisation exercise to the value that capital can create through stronger underwriting, improved claims settlement, innovation, and enhanced customer service.
The National Insurance Commission (NAICOM) says more than 1.47 million smallholder farmers across Nigeria are now covered under agricultural insurance schemes, marking a significant milestone in efforts to de-risk the agricultural sector and boost productivity.
Nigeria’s insurance sector may soon witness a digital revolution as the National Insurance Commission (NAICOM) and the Fintech Association of Nigeria (FintechNGR) announced plans to collaborate on using technology to close critical gaps and expand adoption.
The Nigerian stock market stayed hot for the 11th straight week, with the All-Share Index jumping 4,491.86 points to close at 145,754.91, a 3.18% gain week-on-week.
The Federal Government of Nigeria has increased the minimum capital requirements for insurance companies by fivefold, giving operators...
The Oyo State Police Command has arrested 1,216 drivers for failing to comply with third-party vehicle insurance regulations,...
The Nigerian Exchange Limited (NGX) recorded a net market capitalization loss of N25.27 billion in the first quarter of 2025 following the delisting of four companies.
The National Insurance Commission (NAICOM) has released a report detailing 1,571 complaints filed by policyholders against various insurance companies in Nigeria, with Industrial and General Insurance (IGI) Plc topping the list.
The National Insurance Commission (NAICOM) has called on insurance companies to develop and introduce cyber insurance products in response to increasing digital risks.