11 results
- 13 Feb 2026
Rashidat Adebisi Unveils Strategic Roadmap for Nigeria’s Insurance Sector under NIIRA 2025
Following a landmark 21-year career in institutional finance, Rashidat Adebisi, the former Executive Director at AXA Mansard, has officially launched “The Re-Architecture Project.” This strategic…
- 26 Aug 2025
NIIRA 2025, New Law Offers N2m Medical Compensation for Uninsured Accident Victims
Nigerian Insurance Industry Reform Act (NIIRA) 2025, the new insurance law, has provided up to N2 million in medical compensation for victims of road accidents involving uninsured vehicles. This law…
- 4 Nov 2025
Firms Eye Fintech Model for Insurance
Technology firms (InsurTechs) are working to secure the approval of the National Insurance Commissions (NAICOM) to drive insurance products in Nigeria. So far, Mp-Platform Ltd, Insurance Hub Nig.…
- 1 Oct 2025
Cornerstone Insurance Takes over Annuity Business of Defunct Niger Insurance
Cornerstone Insurance Plc, one of Nigeria’s leading insurance providers has taken over the annuity business of defunct Niger Insurance Plc, and will continue to pay its customers on the scheme. Niger…
- 10 Aug 2026
FG Suspends NAICOM’s N680m Insurance Recapitalisation Fees
Federal Ministry of Finance has halted enforcement of about N680 million in disputed fees imposed by the National Insurance Commission (NAICOM) on NICON Insurance Limited and Nigeria Reinsurance…
- 9 Feb 2026
Lasaco Assurance Gets Shareholders Approval to Advance Capitalization Plans
Lasaco Assurance Plc has received formal commitment letters from shareholders following its recent Extraordinary General Meeting, strengthening confidence in the company’s plan to raise additional…
- 27 Oct 2025
NAICOM Tightens KYC Rules to Strengthen Market Transparency
The National Insurance Commission (NAICOM) has issued a new directive mandating all insurers and brokers in the country to obtain verifiable identity details, including the National Identification…
- 24 Nov 2025
NAICOM Mandates Insurance Customers to Link NIN, CAC Documents By April 2026
The National Insurance Commission, NAICOM, has directed all individual insurance customers to link their National Identification Number, NIN, to their insurance policies by April 30, 2026. The…
- E-Financial20 Aug 2026
NAICOM Revokes Universal Insurance Licence, Appoints Receiver
Universal Insurance Plc is 65 years old, having being established in 1961 by the then Eastern Nigeria Government and African Continental Bank Plc, in partnership with Pearl Assurance Company of London and the Eastern Nigeria Development Corporation.
- 5 Aug 2026
NAICOM Revokes Nigeria Reinsurance’s Licence over Failure to Meet MCR
National Insurance Commission (NAICOM) has revoked the operating licence of Nigeria Reinsurance Corporation over its failure to meet the statutory Minimum Capital Requirement (MCR). It has appointed…
- 19 Jun 2026
NAICOM’s 18 Months Management Spill @ African Alliance Ends
The National Insurance Commission (NAICOM) has handed over the management of African Alliance Insurance Plc to a newly constituted board nominated by shareholders. The move ends a regulatory…