The National Insurance Commission (NAICOM) is seeking the support of Gombe State on Compulsory insurance in its drive to woo state governments into advancing the course of insurance penetration in the country, the National Insurance Commission, NAICOM, has sought the support and collaboration of Gombe State government in the implementation of the Compulsory insurances.
According to the first Africa Reinsurance Pulse, launched recently at the 21st African Reinsurance Forum in Dakar, Senegal, the continent’s reinsurance markets are expected to benefit from strong underlying growth, driven by an expansion of its primary markets with insurance premiums of US$ 64 billion.
In a bid to enlarge their market shares, FBNInsurance Limited and FBN General Insurance have developed customised and affordable products that are targeted at the top, middle and lower classes of the society.
The National Insurance Commission (NAICOM) has exposed the draft roadmap of the industry’s risk base supervision for insurance operators to make recommendations.
The National Insurance Commission (NAICOM) has signed a Multilateral Memorandum of Understanding (MoU) with Anglophone West African countries for the establishment of the West Africa Insurance Supervisors Association (WAISA).
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has taken a step towards ensuring the success of Micro Small and Medium Enterprises MSMEs in the country.
The Managing Director/Chief Executive officer, Sovereign Trust Insurance Plc, Olaotan Soyinka has advised Nigerian young entrepreneurs to embrace the culture of insurance at this critical period of economic recession in the country.
Royal Exchange Plc, Nigeria’s premier insurance and financial group, has announced a gross premium income of N10.79 billion for the 2015 financial year, which represents 14 per cent increase when compared with N9.43 billion in the corresponding period of 2014.
The insurance sector activity in the country has set for itself the target of a premium volume of N6 trillion and total market asset base of N16 trillion before the year 2020, if all went as planned by the sector.