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National Insurance Commission

Recapitalisation: NAICOM requests plan from insurers

As insurance companies in Nigeria struggle to improve in their market penetration, chief executive officer of the National Insurance Commission (NAICOM) Alhaji Mohammed Kari has attributed the staunted growth of insurance industry to what he described as a fragmented financial sector.

Sovereign Trust Insurance’s N10bn capital projection anchors it on tier-1 category

Sovereign Trust Insurance Plc has confirmed its resolve to play in the elite clued of insurance market in Nigeria following its declaration last week to push its capital base to the N10 billion threshold.

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.

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