The Minister of Finance, Mrs. Kemi Adeosun, has intervened and brokered a resolution to the dispute between the National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) over a circular issued by PenCom directing life insurance companies to transfer their annuity asset holdings...

The Minister of Finance, Mrs. Kemi Adeosun, has brokered a resolution of the dispute between the National Pension Commission and the National Insurance Commission over a circular issued by PenCom directing life insurance companies to transfer their annuity asset holdings to Pension Fund Custodians. The...

THE Chairman of Wapic Insurance Plc, Mr. AigbojeAig-Imoukhuede, has called for increase in the capital base of insurance companies in the country to N100 billion. Aig-Imoukhuede, who called for the increment at the KPMG Insurance Conference 2017 held in Lagos, said the current capital...

…Approves 2 for 2016. The apex insurance regulatory body, the National Insurance Commission (NAICOM), has approved the status of  2015 financial statements of 48 out of the 54  insurance companies in the country as at March 8, 2017. In the approval which was made available to...

The National Insurance Commission (NAICOM) and the Lagos State Government are collaborating on ways to ensure the enforcement of Compulsory Insurance in Lagos State. The Director General of Lagos State Safety Commission (LSSC), Mr Hakeem Dickson who led the delegation from the Lagos State government...

…set to issue roadmap on Risk-based Supervision The National Insurance Commission (NAICOM) has frowned at the rate at which Insurance companies in the country submit their statutory returns late to the regulatory authority, saying that henceforth, the development will be met with stiffer sanctions. In a...