NAICOM Plans Review Of SIP To Drive Insurance Adoption In States There are indications that the National Insurance Commission (NAICOM) would review the cancelled State Insurance Policy (SIP) policy in a bid to enhance insurance penetration in the 36 states of the federation and the...

Recapitalisation: NAICOM, Operators’ Meeting End in Stalemate A meeting between chief executives of insurance firms and the National Insurance Commission (NAICOM) over recent directive for a recapitalisation in the industry ended in deadlock as both parties could not arrive at any conclusion. A source who was...

AIICO Insurance set to support agriculture AIICO Insurance Plc, on Wednesday launched its new product aimed to strengthen the agricultural sector. Mr Edwin Igbiti, AIICO Managing Director said at the launch of the `AIICO Agriculture insurance’ in Lagos that it would boost agriculture production, economic development...

Recapitalization of Insurance Sector Put on Hold Barely two weeks after Justice Muslim Hassan of a Federal High Court in Lagos ordered the National Insurance Commission (NAICOM) to put a hold on the implementation of the proposed minimum solvency capital policy which was scheduled to...

Over 80% Of Top Insurers Take Business Offshore — NAICOM Over 80 percent of big ticket risks underwritten by Nigerian insurers are exported for offshore underwriting due to inadequate capacity. NAICOM According to the National Insurance Commission, NAICOM, the top players in Nigeria refuse to...

Insurance Sector Losses N15bn, Investors Panic Over Recapitalisation The decision by the National Insurance Commission (NAICOM) to shift the recapitalisation deadline from January 1, 2019, to October 2018, is eroding the value of insurance stocks, a development capital market said can scare away more investors. According...