Worried by the impact of the current economic crisis on the balance sheet of insurance companies, the National Insurance Commission has unveiled plans to carry out a verification exercise of the capital requirements of all such firms operating in the country. The move was confirmed...

The National Insurance Commission (NAICOM) in Abuja said it would commence verification of the capital resources of all insurance companies in 2017. Mr Rasaaq Salami, Head, Corporate Affairs at NAICOM, told the News Agency of Nigeria (NAN) that the verification exercise would commence in the...

The Acting Director General of the Bureau of Public Enterprises (BPE), Dr. Vincent Akpotaire, has clarified that the Bureau did not initiate nor received the much publicized N27billion Insurance deal for the staff of the defunct Power Holding of Nigeria (PHCN). The BPE Boss also...

NAICOM says Insurance Directors Acquire Shares without payments An Insurance Company Chairman (name withheld) has returned N66 million stolen fund from an insurance firm through the intervention of the apex Insurance regulator, the National Insurance Commission (NAICOM), Economic Confidential can confirm authoritatively. In an interview with...

Alhaji Mohammed Kari, a Chartered Insurer, has been on the saddle as the Chief Executive Officer of National Insurance Commission (NAICOM) a little bit over a year. The insurance maestro served as the Chief Executive Officer and Managing Director of Unity Kapital Assurance Plc....

The National Insurance Commission (NAICOM) has suspended bancassurance partnership deals between insurance companies and banks indefinitely, following a dispute with the Central Bank of Nigeria. Commissioner for Insurance, Alhaji Mohammed Kari made this known at the investiture of Mr. Eddie Efekoha, Managing Director of Consolidated...