NAICOM has come under intense pressure from the House of Reps to suspend the planned recapitalization of insurance firms.
Six new insurance firms and one reinsurance company have been issued operational licenses by the National Insurance Commission (NAICOM).
AIICO Insurance has announced the declaration of additional bonus shares for shareholders of the Company.
Insurance companies have appealed to NAICOM to extend the deadline for recapitalization as directed by the regulator.
This was disclosed in a statement by NAICOM’s Commissioner for Insurance Directorate.
The announcement was made on Friday as NAICOM confirmed the names of the companies.
Today, Prestige Assurance predominantly provides accident and health insurance products and services.
Company’s shareholders now have the opportunity to increase their stake and position themselves for higher returns.
Insurance is a support service to a business that helps it manage her risks. While, it helps the business to manage her risk, insurance also promises...
There are indications that NAICOM will extend the deadline for the recapitalisation of insurance and reinsurance companies for the second time.