The National Insurance Commission (NAICOM) on Wednesday handed over new licenses to SanlamAllianz Life and General Insurance Nigeria Ltd. in a brief ceremony held in Abuja. The issuance of the Licenses to SanlamAllianz Life and General Insurance follows a successful merger.
The National Insurance Commission (NAICOM) this Monday welcomed a high-powered delegation from the Central Bank of The Gambia, led by Mr. Nyang Medeleine Gomez, on a strategic working visit aimed at fostering regulatory collaboration and exchanging knowledge in key areas
The National Insurance Commission (NAICOM) has officially launched the Revised Regulation on Insurance for Leased and Financed Aircrafts, a development that is set to strengthen Nigeria’s aviation and insurance industries, enhance investor confidence, and promote ease of doing business in the country. The unveiling
IMF’s Chief Economist, Pierre-Olivier Gourinchas has sounded the alarm on the Preservation of the Independence of Central Banks. This is following U.S. President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell, as he underlined the importance of maintaining their
The National Insurance Commission (NAICOM) this Monday issued a license to CHI Life Assurance Limited, describing it as another step to strengthen the insurance industry in Nigeria. Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, at the event urged the executives
The National Insurance Commission NAICOM has issued a circular outlining additional regulatory requirements for life insurance companies carrying on annuity business in Nigeria. The circular, dated January 24, 2025, seeks to enshrine best practice in the management of annuity portfolios by insurance institutions in
The National Insurance Commission (NAICOM) and the Nigeria Police Force (NPF) have embarked on a collaborative move to strengthen insurance compliance in the country following the announcement by the Inspector General of Police on the enforcement motor vehicle insurance effective
Pursuant to its position on insurance compliance in the country, the National Insurance Commission (NAICOM) has initiated a working relationship with the Nigerian Civil Aviation Authority (NCAA) to enhance the delivery of insurance related results in the aviation sector, marking
Inspector General of Police (IGP) Mr. Kayode Adeolu Egbetokun has announced that full enforcement of third-party motor insurance will commence on February 1, 2025. The announcement was made in his office when he received the Commissioner for Insurance (CfI) and
The National Insurance Commission (NAICOM) and the Federal Fire Service this Thursday met at the NAICOM Headquarters to review and strengthen their partnership. NAICOM in a statement pointed out that the Federal Fire Service, as a key member of the
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