Insurance

NAICOM Segments Capital Requirements for Insurance Companies; Extends Deadline to Sept 30th 2021

Culled—Proshare June 3, 2020 by NAICOM We refer to earlier Circulars referenced NAICOM/DPR/CIR/25/2019 dated May 20, 2019 which introduced the new capital requirement for Insurance Companies in Nigeria, and NAICOM/DPR/CIR/25-03/2019 dated December 30, 2019 which extended the deadline for recapitalization. The incidences of COVID-19 Pandemic have made it difficult to […]

Wapic Insurance Plc offers health workers 15% premium rebates on new policy uptake

May 4, 2020/CAMCAN Following it’s recent announcement giving premium refunds to customers with active motor vehicle policies during the lockdown period, Wapic Insurance, one of Nigeria’s leading underwriters, has gone further to offer health workers across Nigeria a 15% discount on new policies taken up in 2020 to help cushion […]

Pres. Buhari Appoints Sunday Thomas as Substantive Commissioner for Insurance

Culled—Proshare May 3, 2020 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 Abdullahi, Special Adviser, Media and Communications to the Minister of Finance, Budget and National Planning disclosed this in a statement in […]