Insurance Claims Now N1.5trn - NAICOM   Insurance companies paid N1.5trn claims in six years as businesses increased. The biggest advertisement needed to promote insurance patronage is prompt claims settlement according to industry experts. The Nigerian underwriting companies have so far paid N1.5tn claims to their customers in...

NAICOM To Boost Financial Inclusion In Insurance Sector       The National Insurance Commission has launched a 2021-2023 strategic plan to improve financial inclusion in the country’s insurance sector. The Commissioner for Insurance, Mr Sunday Thomas, disclosed this on Friday during a seminar for insurance reporters, with the...

Fed Govt Moves For Full Implementation Of ECOWAS Brown Card         The Federal Government has moved for the full implementation of the ECOWAS Brown Card Insurance Scheme to guarantee prompt compensation to victims of road accident within the ECOWAS member states. The Minister of Finance, Budget and...

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...

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...

In Three Years, Insurance Sector Records N2.83trn Investments   The insurance sector recorded a total investment of N2.83tn between the 2017 and 2019 financial period. Statistics obtained from the National Insurance Commission on Tuesday showed that the total investment rose from N700.79bn and N1.007tn in 2017 and...