By Adenike Ayodele The National Insurance Commission (NAICOM) has revoked the operating licence of Nigeria Reinsurance Corporation for failing to meet the statutory Minimum Capital Requirement (MCR). NAICOM also appointed Dr Muiz Banire (SAN) as receiver and provisional liquidator to wind upContinue Reading
By Taiye Olayemi The National Insurance Commission (NAICOM) has confirmed that 43 insurance and reinsurance companies have complied with the new minimum capital requirements stipulated under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The commission madel this known in a public notice on Monday in Lagos.Continue Reading
By Taiye Olayemi The National Insurance Commission (NAICOM) has urged the newly-inaugurated President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Mrs Ekeoma Ezeibe, to lead the industry with innovation, professionalism, inclusion and trust. The Commissioner for Insurance and Chief ExecutiveContinue Reading
By Taiye Olayemi The National Insurance Commission (NAICOM) says Nigerian insurers have demonstrated readiness to meet the recapitalisation requirements introduced under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The Commissioner for Insurance and Chief Executive Officer of NAICOM, Mr Olusegun Omosehin, disclosed thisContinue Reading
By Taiye Olayemi The National Insurance Commission (NAICOM) has urged actuaries to design effective risk management strategies and develop products that meet society’s evolving needs. Mr Olusegun Omosehin, Commissioner for Insurance and Chief Executive Officer of NAICOM,Continue Reading
By Taiye Olayemi The National Insurance Commission (NAICOM) says it will soon release supplementary guidelines aimed at further securing Retiree Life Annuity (RLA) funds, to provide greater protection for annuitants. Mr Moruf Apampa, a member of the Communication and Stakeholder Engagement Sub-Committee of theContinue Reading
By Taiye Olayemi The National Insurance Commission (NAICOM) says long-term financial planning and risk management are crucial for securing a comfortable retirement. Its Chief Executive Officer, Mr Olusegun Omosehin, said this during the 2025 edition of Inspenonline RetirementContinue Reading
By Taiye Olayemi The National Insurance Commission (NAICOM) has urged insurance stakeholders to unite in using technology to deepen rural insurance penetration across Nigeria. Mr Olusegun Omosehin, NAICOM’s Commissioner for Insurance, made the call on Wednesday at the 2025 Business Day Insurance ConferenceContinue Reading
