Insurers Losing Oil, Gas Premiums To Foreigners – NAICOM       The Commissioner for Insurance, Mr Sunday Thomas, has said the essence of the local content law is not being realised in the insurance sector because many businesses in the aviation and oil and gas sectors were...

Recapitalistion: Insurers Want NAICOM To Waive Dec Deadline         Insurance companies have urged the National Insurance Commission to waive the first phase of its segmented recapitalisation for the insurance and reinsurance companies scheduled to end by December 31, 2020. They spoke during a meeting of insurance companies’...

Insurers Gave Free Riot Covers Before #EndSARS Protests – NAICOM       The Commissioner for Insurance, Mr Sunday Thomas, has said insurance companies gave free strike, riot and civil commotion covers to the customers due to competition before the #EndSARS protests that led to looting and wanton...

#EndSARS : Insurers’ll Pay Billions On Losses – NIA chairman       The Chairman, Nigerian Insurers Association, Mr Ganiyu Musa, has said insurance companies may pay claims worth billions of naira from losses of lives and properties that followed #EndSARS protests. He spoke to our correspondent in a...

PenCom Reviews Annuity Guidelines, Addresses PFAs, Insurers’ De-marketing       The National Pension Commission and the National Insurance Commission, on Tuesday, signed off the revised regulation on retiree life annuity, and the guidelines on Group Life Insurance Policy for employees and Contributory Pension Scheme retiree pack. The ceremony,...

COVID-19: Insurers Lose $500m Aviation Business   Insurance firms have lost $500 million or N1.88 billion in aviation business, The Nation has learnt. This loss is a fallout of the closure of the airspace to commercial flights by the Federal Government following the outbreak of Covid-19 pandemic. Former...