NAICOM orders African Alliance Insurance to resolve outstanding customer claims
The National Insurance Commission (NAICOM) has mandated the Board of African Alliance Insurance Plc to address and settle all outstanding ...
Tag: NAICOM
News and stories about NAICOM
International aircraft lessors say Nigeria’s local insurance market cannot handle dry-lease risks – Keyamo
Festus Keyamo, Minister of Aviation and Aerospace Development, has stated that international aircraft lessors and manufacturers require insurance to be ...
Tunde Hassan-Odukale steps down from Leadway Assurance, Gboyega Lesi is now Acting MD
Leadway Assurance Limited has announced the appointment of Gboyega Lesi as its acting Managing Director on January 1, 2024, pending ...
Insurance companies collected N729.1 billion in premiums in the first three quarters of 2023Â
Insurance companies generated N729.1 billion in premiums during the first three quarters of 2023, marking a substantial increase of N196 billion compared ...
The Unseen Shield: How Ignorance of Third-Party Motor Insurance leaves Nigerian Motorists ExposedÂ
In the bustling streets of Lagos, a seemingly mundane collision underscored a widespread misunderstanding about third-party motor insurance among Nigerian ...
Government agencies identify benefits of insurance cover for losses from cybercrime
NAICOM and (NITDA) have joined forces to initiate the process of formalizing cyber insurance as stated in a press release ...
Does Insurance Work in Nigeria?
The fundamental idea of insurance is to reduce risks, offer financial security, and encourage investment opportunities. The National Insurance Commission ...
Insurance industry generates N726 billion gross premium for Q4 2022
Nigeria’s insurance industry generated the sum of N726.2 billion as gross premium income as of the fourth quarter of 2022.
Insurance: Nigerians made claims of N318.2 billion in Q4 2022
NAICOM attributed the growth to rising awareness, market expansion and consumer confidence.
NAICOM canvases governments’ support, collaboration to grow insurance in Africa
NAICOM has urged African governments to join forces to improve insurance industry performance by implementing the necessary policies
