Barbara Bako, Abuja. NETAPPS has received a Partnering Insurtech licence from the National Insurance Commission (NAICOM), paving the way for the company to expand digital insurance services and support efforts to improve insurance penetration in Nigeria. The licence
Nigeria’s Commissioner for Insurance, Mr. Olusegun Ayo Omosehin has underscored the critical role of insurance in economic development as he played host to The Commissioner for Insurance of Ghana, Dr. Abiba Zakariah who paid him a working visit. Omosehin in
Barbara Bako, Abuja. The National Insurance Commission (NAICOM) has returned the management of African Alliance Insurance Plc to a new board appointed by shareholders after an 18-month regulatory intervention that helped restore the company’s financial stability and settle outstanding
Barbara Bako, Abuja. African insurance regulators and industry leaders have called for accelerated regulatory reforms and greater adoption of digital technologies to address the continent’s low insurance penetration and expand access to financial protection. The call was made
Barbara Bako, Abuja. The National Insurance Commission (NAICOM) has issued Nigeria’s first operational licence to a partnering insurtech firm, a move seen as a major step in the regulator’s drive to deepen innovation, strengthen consumer protection and modernise the
Barbara Bako, Abuja The Federal Government on Friday inaugurated the Insurance Policyholders’ Protection Fund (IPPF) Committee to strengthen consumer protection and boost confidence in Nigeria’s insurance industry. Speaking at the inauguration in Abuja, the Minister of Finance and Coordinating Minister
The National Insurance Commission (NAICOM) has entered into a strategic partnership with the National Space Research and Development Agency (NASRDA) to accelerate the use of geospatial intelligence in expanding Nigeria’s insurance market and strengthening risk management systems. The collaboration, reached
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the process of concluding the liquidation activities of 89 closed Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs) following their successful acquisition by new owners under the Purchase and Assumption (P&A) resolution
Signs of internal strain have emerged at the National Insurance Commission (NAICOM), after the regulator confirmed that it moved to contain what it described as an attempt to discredit its leadership from within. The Commission disclosed that the incident, which
The National Insurance Commission (NAICOM) has introduced a new regulatory framework aimed at protecting insurance policyholders from losses arising from failing insurers. The new guidelines, issued in a circular dated April 7, 2026, establish the operational structure for the Insurance
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