The regulatory body (NAICOM) has developed a guideline on premium collection and remittance as a result of growing challenges arising from huge levels of outstanding premium reported in the financial statement of insurance companies has prompted the need for this guideline Read more
The National Insurance Commission, in its bid to continue to protect the policy holder/member of the public, issues a supplementary standard for Aviation insurance business in Nigeria. Read more
The National Insurance Commission (NAICOM) is leaving no stone unturned in making sure that insurance companies are timely with the submission of the financial accounts or face some adverse consequences.
According to NAICOM, as at January 13, 2017, the accounts of 47 firms have been approved, while five… Read more
Over N5 billion worth of claims were paid out in 2016 by defaulting insurance companies, following the resolution of 218 cases of complaints filed against them by policyholders at the apex insurance sector regulatory body, the National Insurance Commission (Naicom).
Naicom received a total of 413 complaints from… Read more