.Mohammed Kari ,Commissioner for insurance.
The Nigerian insurance industry has been in existence for close to a century, yet, in the past five years, the Gross Written Premium of the industry has hovered between N300 billion and N320 billion, which is evident of the fact that the figures are not growing in the same proportion, if the enormous potential at the disposal of the sector is to be used as benchmark.
AlhajiMuhammed Kari, Commissioner for Insurance, National Insurance Commission (NAICOM).
Authorities at the National Insurance Commission (NAICOM) on Wednesday sounded the gong for a fresh round of recapitalisation of insurance companies in Nigeria.
Zenith Insurance recorded gross premium written of N12.5 billion during its last financial year ended December 31, 2017.It represents 12 per cent increase over the N11.116 billion recorded in 2016.
Law Union & Rock Insurance Plc. has released more retail products to meet the need of its customers. The new products are travel insurance card and Teen Personal Accidents (TPA).
THE National Insurance Commission (NAICOM) on Friday confirmed it had taken over the management of Unic Insurance Plc to reposition the company for better performance.
Staff members of National Insurance Commission (NAICOM) are currently protesting in Abuja to mark the commencement a three-day warning strike today.
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.
The federal government has concluded arrangement to deploy technology that would control vehicle registration to ensure that premium paid for vehicle insurance are channeled to appropriate quarters in the country.
CHRIS EBONG, Asst Bus, Editor
Determined to reposition insurance industry for better performance and make significant contribution to the economy, the National Insurance Commission (NAICOM), has moved from Compliance Regulation to Risk-Based Supervision (RBS).
THE National Insurance Commission (NAICOM) says the insurance industry reform programmes such as International Financial Reporting Standards (IFRS), Code of Corporate Governance (CCG) and the Risk-Based Supervision(RBS) carried out by it are all globally induced and Nigeria’s insurance industry cannot afford to operate in isolation in the global financial sector.