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NAICOM, 2 Others in Synergy to enforce public building insurance

Following series of consultations by the National Insurance Commission (NAICOM), a synergy has been created with the Federal Fire Service (FFS) and the Nigeria Insurers Association (NIA), to as a matter of urgency kick-start the enforcement of public building insurance in the country. NAICOM's Commissioner...

NIA Prepares Members for Risk-based Supervision

The Chairman, Nigerian Insurers Association, Eddie Efekoha, has said that risk-based supervision being introduced by the insurance sector’s regulator will enable operators to be monitored in their compliance with the rules and how they approach risk management. He said this during a workshop on risk-based...

NAICOM Bars Insurers From Selling Products Through Banks

The National Insurance Commission has barred all underwriting companies from selling their products through the banks and other financial institutions. The Commissioner for Insurance, Mr. Mohammed Kari, said this during the investiture ceremony of the Managing Director, Consolidated Hallmark Insurance Plc, Mr. Eddie Efekoha, as...