30 results
- 5 Apr 2022
Insurance Sector Holds Potential for Enhancing Sustainable Development - Thomas
Mr. Sunday Olorundare Thomas, the Commissioner for Insurance, has said that the insurance sector holds potential for enhancing sustainable development with the 2030 Agenda. Thomas who stated this…
- 13 Sept 2021
NAICOM Seeks Active Role for Insurers in AfCFTA
The Commissioner for Insurance, Mr Sunday Thomas, has urged African leaders to create an enabling environment for insurers to play more relevant roles in the continent’s free trade zone. Thomas spoke…
- 7 Nov 2022
NAICOM Urges Shareholders to Demand Insurers’ Accountability
Mr Sunday Thomas, the Commissioner for Insurance, has said it is important for shareholders to ask the management of the insurance companies questions on how their companies are being managed. Thomas…
- 10 Jan 2022
NAICOM Urges Insurance Firms Take Claims Settlement Seriously
Mr Sunday Thomas, the Commissioner for Insurance, has urged insurance companies to take claims settlement seriously because it is necessary to boost the image of the insurance industry. Thomas said…
- 23 Feb 2020
NAICOM Begins Full Digitisation of its Operations
National Insurance Commission (NAICOM) says it has commenced the process of digitising all its operations. Mr Sunday Thomas, Acting Commissioner for Insurance, said this at a retreat organised by the…
- 17 Jul 2023
NAICOM Seeks to Establish Credible, Sustainable Template for Risks Determination
Mr. Sunday Thomas, the Commissioner for Insurance/Chief Executive, National Insurance Commission (NAICOM), has inaugurated the Nigerian Actuarial Society Discount Rate Committee (NAS-DRC) to…
- 31 Aug 2021
NAICOM Boss Urges Operators to Strategise for Effective Management of N14tn Annuity Premium
Mr. Sunday Thomas, the commissioner for Insurance, has charged insurance industry operators to strategies on how best to effectively manage the existing N14 trillion pension assets, which will…
- 12 Dec 2022
NAICOM Boss Urges Insurance Firms to Develop Green Products, Efficiency
Mr Sunday Thomas, Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), has tasked insurance companies with the development of green products and…
- 24 Feb 2021
NAICOM Blames Inappropriate Technology for Growing Offshore Reinsurance
Mr. Sunday Thomas, the Commissioner for Insurance, has attributed lack of appropriate technology for indigenous insurance firms losing of underwriting businesses in oil, gas and aviation sectors.…
- 1 Jun 2021
NAICOM says Govt Assets Inadequately Insured
The National Insurance Commission, NAICOM, has said that most assets of the Federal Government are never adequately and appropriately insured. Mr. Sunday Thomas, Commissioner for Insurance, stated…
- 24 Dec 2021
NAICOM says Insurance Industry Attracting Huge Pension Funds
Mr. Sunday Thomas, the Commissioner for Insurance, National Insurance Commission, has said the insurance industry is attracting huge pension funds and contributing largely to the national economy. A…
- 20 Oct 2019
Technology To Enhance Insurance Sector’s Financial Inclusion Programme-NAICOM
Investing in technology is one of the ways the insurance industry could effectively key into the financial inclusion target of the Federal Government. Mr Sunday Thomas, National Insurance Commission…
- 10 May 2021
Insurance Commissioner Urges Operators to Embrace Disruptive Innovations
Mr. Sunday Thomas, the Commissioner of Insurance, has charged practitioners in insurance sector to embrace disruptive business models in order to be able to build an industry that would withstand…
- 25 Oct 2023
NAICOM Sets 7-point Strategic Vision to Transform Sector
In line with its transformation journey to position insurance business in Nigeria to stand competitively in the troubled global financial market, the Commissioner for Insurance, Mr Olorundare Sunday…
- 1 Jun 2021
Heirs Holdings Enters Insurance Market - Promises Insurance Revolution
Heirs Holdings (HH) announced the Group’s transformative insurance industry play, with the launch of Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA), yesterday at the companies’ Victoria…
- 29 Nov 2022
Stakeholders Converge at the Maiden International Financial Inclusion Conference, Lead Conversations on Financial Inclusion
Nigeria, on 24th and 25th November 2022 hosted the largest convening of the global Financial Inclusion ecosystem since the launch of its National Financial Inclusion Strategy in 2012. L-R: Lai…
- 8 Apr 2024
NAICOM, FintechNGR Inaugurates Insurance Policy Project, Partners Galaxy Backbone on Domestic Cloud Initiatives
In a bid to deepen its impacts on the policy landscape and make innovation more entrenched in Nigeria, FintechNGR has partnered with the National Insurance Commission (NAICOM) to develop a Fintech…
- 20 May 2021
NAICOM, Transport Ministry Partner on Insurance for Transport Owners
The National Insurance Commission (NAICOM) and the Federal Ministry of Transportation have agreed on a partnership that would ensure provision of adequate insurance for road transport owners and…
- 20 Jun 2022
NAICOM License Micro Insurance Institutions to Promotes Financial Inclusion
The National Insurance Commission (NAICOM), has explained that its reason for issuing operating licenses to micro insurance institutions was to ensure that Nigerians at the grass roots were not left…
- 4 Jun 2020
NAICOM Extends Insurance Firms Recapitalization
The National Insurance Commission (NAICOM) has split the industry recapitalization process into two, extending the recapitalization deadline to September, 2021. The segmentation was contained in a…
- 16 Sept 2021
NAICOM Seeks Unity, Cooperation Among Regional Insurers
The National Insurance Commission (NAICOM), has called for unity and cooporation among operators of insurance sector in Africa to engender growth and development of the sector. The commissioner for…
- 26 Feb 2024
Youth Dev. Ministry, NAICOM Partner on Financial Literacy, Entrepreneurship
As part of measures to enhance financial literacy, entrepreneurship and career development in the country, the National Insurance Commission (NAICOM) gone into collaboration with the Ministry of…
- 24 Sept 2014
NIA Mulls E-Registration to Curb 75% Fake Marine Insurance Papers
Nigerian Insurance Association (NIA) said it will introduce electronic registration system to the marine sector by the end of this month. The plan, according to NIA, will help curb the…
- 27 Jun 2023
Nigerian Insurers Pool N726.2bn Premium in 2022
Nigerian Insurers Association (NIA) yesterday said that the volume of premium recorded by its member companies in 2022 grew to about N726.2 billion. Mr Olusegun Omosehin, NIA’s Chairman, said this…
- 22 Dec 2020
NAICOM Commends Coronation Insurance’s Bank-Assurance Novel Initiative For SMEs
The National Insurance Commission, NAICOM, has welcomed the Bank – Assurance model, initiated by Access Bank Plc and Coronation Insurance Plc, for Small and Medium Enterprises (SME’s) sector in…
- 26 Jul 2018
Insurance Firms Get N15b Recapitalization Mandate
Insurance companies willing to play at the highest level in the country yesterday got an order from the regulator to recapitalise to the tune of N15 billion. The National Insurance Commission…
- 4 Nov 2020
NAICOM Targets 10,000 MSME Operators to Key Into Insurance
The National Insurance Commission (NAICOM), has worked out a program every that will lead to the education of over 10,000 Micro, Small and Medium Enterprises (MSME) operators on the need to key into…
- 22 Dec 2013
Risks Underwriters to Deploy NIID to Detect Fake Certificates
Nigerian Insurers Association (NIA), umbrella body for risks underwriting companies in the country, said it would deploy the Nigerian Insurance Industry Database (NIID) to check the increasing rate…
- 7 May 2021
NAICOM Tasks Insurers, Banks to Explore Opportunities Outside Traditional Channels
The National Insurance Commission (NAICOM), has counselled practitioners in the banking and insurance sectors on the need to explore other paths to wealth creation than sticking to traditional…
- 8 Nov 2021
Insurance Professionals Urge Operators to Embrace Digitisation
The Chartered Insurance Institute of Nigeria has urged insurance operators to evolve, embrace change and digitise their processes to enable them to meet customers’ needs and expectations. This was…