Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) would this month – August, commenced a pilot Risk Based Supervision (RBS) examination in eight insurance companies, Inspenonline can report. The Deputy Commissioner, Technical, NAICOM, Sabiu Abubakar, who disclosed this at a forum recently in Lagos, […]
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NAICOM boss to chair Business Journal public presentation Sept 16
Leave a comment and share Commissioner for Insurance/CEO, National Insurance Commission NAICOM, Olorundare Sunday Thomas, will chair the public presentation of Business Journal newspaper on Friday, September 16, 2022 at Sheraton Hotel, Ikeja Lagos. The NAICOM letter to Business Journal which was dated July 18, 2022 and signed by Rasaaq […]
Insurance sector to discard fixed premium charge for standard rate
Leave a comment and share Chuks Udo Okonta Insurance premium would soon no longer be fixed as the National Insurance Commission (NAICOM) is coming up with guidelines to ensure premiums are placed on minimum and maximum standard. Inspenonline gathered that the guidelines would ensure insurance premiums don’t slide below a […]
Liquidation: NAICOM should close insurance firms with just N1,000 third party product sold via VIO – Insurer
Kindly leave a comment and share Chuks Udo Okonta The liquidation threat issued by National Insurance Commission (NAICOM) has continued to generate reasons as an insurer has implored the industry regulator to liquidate firms that have just third party product, sold at N1,000 in Vehicle Inspection Office (VIO). The Deputy […]
NAICOM evolves guidelines for insurance of FG’s multi-billion Naira assets
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is evolving guidelines that would help ensure all Federal Government’s assets are insured, a development that would enhance profitability for the insurance sector. The Deputy Commissioner, Technical, NAICOM, Sabiu Abubakar, said this today at the Chartered […]
NAICOM may liquidate more insurance companies to sanitise industry – Abubakar
Leave a comment and share Chuks Udo Okonta Having positioned two underwriting firms – Niger Insurance Plc and Standard Alliance Insurance Plc for liquidation, the National Insurance Commission (NAICOM) said more companies may also face similar sanction as part of moves to sanitise the industry. The Deputy Commissioner, Technical, NAICOM, […]
Former ARIAN General Secretary celebrates birthday
Kindly leave a comment and share The Former General Secretary, Association of Registered Insurance Agents of Nigeria (ARIAN) Itoya Moses Obigho, has expressed gratitude to God for the privilege to celebrate another birthday today, Thursday, July 28, 2022. Itoya, who his passion for knowledge moved him to the insurance industry, […]
Retail, awareness creation vital for insurance penetration – NAICOM
Kindly leave a comment and share Chuks Udo Okonta Showing more commitments to retail insurance practice and creation of robust awareness would help deepen underwriting penetration, the Commissioner for Insurance, Sunday Thomas, has said. He told Inspenonline that the National Insurance Commission (NAICOM) would continue to encourage insurance practitioners to […]
Shareholders laud Cornerstone insurance’s job creation, performance amid economic headwinds
Leave a comment and share Chuks Udo Okonta Cornerstone Insurance Plc, has received kudos from its shareholders over job creation and superb financial performance in 2021. The shareholders expressed their delight at the firm’s Annual General Meeting (AGM) which held physically and vertically today. They appreciated the underwriting firm for […]
Sovereign Trust Insurance keeps policyholders smiling with N3.7bn claims in 2021
Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc, in 2021 settled claims totaling N3.7 billion to various policyholders spread across the country. The company has fixed Thursday August 18, 2022, for its 27th Annual General Meeting (AGM) having been granted approvals for the 2021 Annual Report […]
