NAICOM Archives | Page 2 of 2

NAICOM unveils four operational guidelines

by Derinsola Adebayo
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The National Insurance Commission has introduced four different forms of operation guidelines in the insurance sector. They are the Web Aggregators Operational guidelines; State Government’s Implementation of Compulsory Insurance (or State Financial Advisers) guidelines; Independent Agents Operational guidelines; and the Mutual Organisations, Associations, Community Based, Micro guidelines. The Commissioner for Insurance, Alhaji Mohammed Kari, said […]

NAICOM to sack CEO of companies over unpaid claims

by Okemute Agbaro
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The National Insurance Commission (NAICOM) says it is working on applying statutory deposits of insurance firms to defray unpaid claims and that it will sack the chief executive of any company whose deposit is applied. Commissioner for Insurance, Mohammed Kari, who disclosed this at the Chartered Insurance Institute of Nigeria (CIIN) 2017 Professional Forum, noted […]

Staco Insurance’s 2016 financial report get approval

by Tunde Wellinghton
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The National Insurance Commission has approved the 2016 audited financial statements of Staco Insurance Plc for publication. This was disclosed in a statement released by the insurer on Sunday. NAICOM is the apex body established to regulate and supervise the Nigerian insurance sector. With the regulator’s approval, the company said it was at liberty to […]

NAICOM, PenCom to implements life annuity for retirees

by Funmi Johnson
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The National Insurance Commission and the National Pension Commission are set to release the new modalities that will regulate the provision of life annuity for retirees under the Contributory Pension Scheme. The Commissioner for Insurance, Alhaji Mohammed Kari, who disclosed this in an interview, said that the two regulators had a four day retreat, which […]