The Nigeria Liability Insurance Pool (NLIP) has announced a significant financial performance for the 2024 fiscal year, posting a net surplus of ₦708.24 million, a 118 per cent increase from …
NAICOM
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BusinessEconomyFinance & ServicesInsuranceINVESTMENTNewsNigeria
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EconomyGOVERNMENTInfrastructureInsurance
Reps blame NAICOM for 25 insurance firms financial infractions
The House of Representatives has accused the National Insurance Commission (NAICOM) of failing in its regulatory role, saying the lapse allowed widespread financial infractions by 25 insurance firms operating in …
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BusinessEconomyFinance & ServicesInsuranceINVESTMENTNigeria
Nigeria’s Insurance Firms Record Over N233 Billion Profit, Best Performance in a Decade
Nigeria’s top insurance companies are currently experiencing their most profitable period in over a decade, as a mix of rising interest rates, regulatory enforcement, and strategic investment choices propel their …
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BusinessEconomyFintechInsuranceNigeriaTechnology
Transparency Scape Launches InsurEase App to Simplify Insurance Access for Nigerians
A new digital platform has entered Nigeria’s insurance market with a promise to make insurance easier, cheaper, and more accessible to everyone. Transparency Scape Insurance Brokers Limited, on Tuesday, officially …
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The National Insurance Commission (NAICOM) has said that Nigeria’s ability to secure its future depends heavily on how well the country manages risks and uncertainties across all sectors. The Commissioner …
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The National Insurance Commission (NAICOM) has welcomed a high-level delegation from the Central Bank of The Gambia as part of efforts to deepen regulatory collaboration and improve knowledge sharing in …
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GOVERNMENTInsuranceLabourPolicies
NAICOM, Civil Service Office Hold Workshop on Group Life Assurance Policy
The National Insurance Commission (NAICOM) and the Office of the Head of the Civil Service of the Federation have jointly organised a workshop on Group Life Assurance Policy in Abuja. …
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BusinessCyber securityFinance & ServicesInsurance
Insurers Say Cybersecurity Guidelines Will Prepare Sector for Protection and Opportunity
The Insurers Committee has said the cybersecurity guidelines from the National Insurance Commission (NAICOM) will help to put the sector in a strong position against cyber risks and create opportunities …
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BusinessFinance & ServicesGOVERNMENTInsurance
NAICOM to Issue Supplementary Guidelines to Sanitise Annuity Business in Insurance Sector
The National Insurance Commission (NAICOM) is set to release supplementary guidelines to further sanitise the annuity business in the country. Mr Moruf Apampa, Vice Chairman of the Subcommittee on Communication …
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BusinessFinance & ServicesInnovationInsuranceLeadershipNigeria
Guinea Insurance Plc Reaffirms Commitment to Resilience and Innovation at Strategic Board Retreat
Guinea Insurance Plc has reaffirmed its dedication to building a resilient, innovation-driven, and trusted brand following a strategic Board of Directors retreat held in Lagos. Described as a moment of …