The New York, America-based, Institute of Finance has indicated its readiness to partner the Nigerian insurance regulator, National Insurance Commission (NAICOM) in the area of training and human capacity development. The institute disclosed this intention when the Managing Director, Mr. Patrick Fitzgerald, and Registrar, Mr. Currie Marcia, came on a […]
Tag: Insurance
NAICOM Sanctions 48 Insurance Firms over Reporting Deadline
Forty six insurance companies and two reinsurance firms have been sanctioned for failing to meet the June 30, 2013 deadline for the submission of their 2012 financial reports to the National Insurance Commission (NAICOM). The companies were respectively made to pay a daily fine of N5, 000 for all the […]
Insurers move to increase number of policyholders
Underwriting firms appear to have seen the need to expand their market reach by introducing affordable insurance policies that can easily attract voluntary purchase and increase the percentage of policyholders from less than one to about 30, NIKE POPOOLA writes When the enforcement of the compulsory insurance policies began through […]
