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NAICOM issues additional guidelines for annuity business

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The National Insurance Commission (NAICOM) has issued additional regulatory requirements for life insurance companies carrying on annuity business in the country. The News Agency of...

NAICOM unveils portal to resolve complaints on insurance

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The National Insurance Commission (NAICOM) has unveiled a complaint management portal to ensure swift resolution of all complaints on insurance related issues NAICOM in a...

NAICOM directs insurance coy to settle customers’ oustanding claims

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The National Insurance Commission (NAICOM) has directed the Board of African Alliance Insurance Plc  to settle outstanding claims of their customers. NAICOM gave the order...

FG hasn’t borrowed from pension funds – NAICOM boss

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Mr Olorundare Thomas, Chief Executive Officer, National Insurance Commission (NAICOM), says the Federal Government has not borrowed from the accumulated pension funds. Speaking on Monday...

Nigeria’s insurance guru’s appointment to NCDMB Governing Council, exemplary – UK...

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Dr. Alim Abubakre, the British-Nigerian founder of TEXEM UK, a consulting firm in the United Kingdom, says the appointment of Olorundare Thomas to the...

NAICOM raises Third Party Vehicle Insurance from N5,000 to N15,000

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The National Insurance Commission (NAICOM) has raised Third Party insurance cover for motorists from N5,000 to N15,000 yearly with effect from January 2023. The approval...

NAICOM develops tech to check fake insurance certificates

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The National Insurance Commission (NAICOM) has developed a technology for verifying insurance policies, with a view to weeding the industry of fake insurance. The Commissioner...

President Buhari appoints NAICOM, NDIC board members

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President Muhammadu Buhari has approved the appointment of Mr Sunday Thomas as the substantive Commissioner for Insurance/Chief Executive Officer, National Insurance Commission (NAICOM). Mr Yunusa...
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