4 results
- 6 Jan 2020
NAICOM says No Insurance Firm has Met Recapitalisation Requirements
National Insurance Commission said on Monday that no insurance company in the country could be categorised as having met the recapitalisation requirements at the moment. The commission said this was…
- 25 Nov 2018
NAICOM Cancels Recapitalization, Reclassification Plan of Insurance Policy
The National Insurance Commission (NAICOM) has withdrawn and canceled the circular on Tier Based Minimum Solvency Capital (TBMSC) policy meant to recapitalize and reclassify insurance companies. The…
- 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…
- 2 Apr 2020
NAICOM Urges Insurance Firms to Maintain Sanctity of Policy Contracts During Restrictions
The National Insurance Commission, NAICOM, has directed insurance firms in the country to maintain sanctity of insurance contracts entered into with clients. In a circular titled RE: EFFECT OF…