NAICOM To Sanction Insurance Firms Over N40bn Unpaid Claims       The National Insurance Commission (NAICOM) said it is compiling the list of insurance companies for necessary regulatory sanctions over unsettled claims which industry experts have estimated to be over N40 billion. Commissioner for Insurance, Sunday Thomas, speaking...

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...

Buhari Appoints Sunday Thomas As NAICOM Boss   President Muhammadu Buhari has approved the appointment of Sunday Thomas as the substantive Commissioner for Insurance/Chief Executive Officer, National Insurance Commission (NAICOM). It will be recalled that Thomas replaced immediate past commissioner for Insurance/CEO, Mallam Mohammed Kari, as Acting...

Two Years Licence Renewal Policy Begins In 2020 - NAICOM   The National Insurance Commission (NAICOM) will in 2020 kickstart a 2-year licence renewal policy for insurance brokers and loss adjusters The Director, Policy and Regulation Directorate, NAICOM, Pius Agboola, stated this at the ongojng 2020 NAICOM...

NAICOM Tasks Operators On Process Digitalisation   The failure to key into the 21st Century digital services might spell doom for Nigerian underwriters, the Acting Commissioner, National Insurance Commission (NAICOM), Sunday Thomas, has warned. He advised that it is important for practitioners to work together and become...