To help develop micro-insurance in the country, the insurance regulator, National Insurance Commission (NAICOM) would soon release the guidelines on micro insurance to help operators to develop their businesses along this line. The guidelines are expected to strengthen the collaboration between insurers and micro-finance banks, helping traders and artisans […]
Tag: NAICOM
NAICOM warns insurance firms against late account submission
The National Insurance Commission has warned insurance firms against delay in submission of their 2012 IFRS compliant audited financial statement. In a circular to the 31 underwriters listed on the Nigerian Stock Exchange, the commission observed that most of them were yet to submit their audited financial reports. It stated […]
NAICOM, NFIU to combat money laundering
The Assistant Director, (Inspectorate), National Insurance Commission, Dr. Sam Onyeka, has said the Organisation is partnering with the Nigerian Financial Intelligence Unit to ensure full compliance with anti-money laundering laws in the insurance sector. He said this during a sensitisation programme on, ‘Anti-money laundering and combat of financing of terrorism […]