Insurance

Financial System Stability: NDIC Lauds Judiciary on Better Understanding of Deposit Insurance Practice

October 27, 2023/NDIC The Nigeria Deposit Insurance Corporation (NDIC) has commended the judiciary on its better understanding of the deposit insurance practice towards promoting stability of the nation’s financial system.  NDIC Managing Director/Chief Executive, Mr Bello Hassan, gave the commendation in his welcome address at the 2023 Sensitization Seminar, organized […]

Tony Elumelu Advocates Higher Capital Base for Insurance Companies

October 24, 2023/Heirs Holdings Being a keynote Address by Tony O. Elumelu at the 2023 National Insurance Conference held Monday 23rd October 2023 at Abuja FCT A. Greetings  First, let me extend my sincere appreciation to NAICOM for inviting me to address this most distinguished gathering as the theme speaker of […]

Federal Reserve Board finalizes a rule establishing capital requirements for insurers supervised by the Board

October 6, 2023/US Federal Reserve The Federal Reserve Board on Friday finalized a rule establishing capital requirements for insurers supervised by the Board. The final rule is substantially similar to the proposal issued in September 2019. The final rule includes a framework, known as the Building Block Approach, that builds […]