By Taiye Olayemi The National Insurance Commission (NAICOM) has pledged regulatory support for the newly unveiled Lagos State Building Insurance Scheme. The Commissioner for Insurance and Chief Executive Officer of NAICOM, Mr Olusegun Omosehin, made the pledge at the official launch of the scheme in Lagos. Omosehin, who was representedContinue Reading
By Taiye Olayemi The Chartered Insurance Institute of Nigeria (CIIN) and insurance industry chief executives have endorsed the Senate’s passage of a bill to rename the National Insurance Commission (NAICOM) as the Insurance Regulatory Commission (IRC). The stakeholders, who spoke in interviews with the News Agency of Nigeria (NAN), saidContinue Reading
By Taiye Olayemi The outgoing President of the Chartered Insurance Institute of Nigeria (CIIN), Mrs Yetunde Ilori, has urged her successor to maintain collaboration among industry stakeholders and continue the reforms started by previous administrations. Ilori gave the advice in Lagos during her virtual valedictory news conference, where she reviewedContinue Reading
By Taiye Olayemi Ms Kesiena Ughwode, Chief Executive Officer of Almond Productions Ltd., says the Almond Insurance Industry Awards has improved prompt operational data updates among insurers. Ughwode, convener of the awards, spoke during a news conference in Lagos, ahead of the fourth edition ceremony. She said insurance firms nowContinue Reading
By Taiye Olayemi Insurers say the ongoing linkage of National Identification Numbers (NIN) with insurance policies is progressing steadily ahead of the April 30 deadline set by the National Insurance Commission (NAICOM). The insurers, who spoke with the News Agency of Nigeria (NAN) on Sunday, said they had stepped upContinue Reading
By Taiye Olayemi The National Insurance Commission (NAICOM) has called for greater inclusion of young people in the insurance and pension sectors to enhance industry growth and relevance in a rapidly changing economy. Mr Olusegun Omosehin, Commissioner for Insurance and Chief Executive Officer of NAICOM, made the call while speakingContinue Reading
By Taiye Olayemi Nike Popoola, Publisher of Daily Economy, has chronicled the transformation of Nigeria’s insurance industry over the past 20 years in a newly unveiled book. The book, titled “Trends in Nigeria’s Insurance Industry (2005 to 2025) and Selected Insurance Icons” was unveiled in Lagos in an event, whichContinue Reading
By Felicia Imohimi The Federal Ministry of Agriculture and Food Security has pledged to partner with the National Insurance Commission (NAICOM) on policy alignment to reform cooperatives and the National Agricultural Insurance Corporation (NAIC). The Minister of State for Agriculture and Food Security, Sen. Aliyu Abdullahi, gave the assurance duringContinue Reading
By Sumaila Ogbaje The Infrastructure Concession Regulatory Commission (ICRC) is to partner with the National Insurance Commission (NAICOM) on ensuring that concessionaires procure insurance covers for assets under Public Private Partnership (PPP) arrangements. This is contained in a statement by the Acting Head, Media and Publicity, ICRC, IfeanyiContinue Reading
