Tag: NAICOM
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Operators and NAICOM collaborate to stop the distribution of phony insurance plans
Operators have previously collaborated with the Federal Roads Safety Corps (FRSC) to collect N45 billion that was misappropriated nationwide by phony insurance agents, particularly...
Policyholders Claimed N318.2 Billion In Q4 2022Â – NAICOM
According to the National Insurance Commission (NAICOM), as of the fourth quarter of 2022, insurance policyholders had filed N318.2 billion in claims under their...
Insurance Premium Hits N532.7 Billion In 9 Months
Despite worries about the poor economic position OF the nation, participants in the insurance industry reported premium income of N532.7 billion in the first...
Stakeholders relate insurance adoption to enforcement
Nigeria's insurance penetration is estimated to be less than 1%, and experts have said that a lack of enforcement is to blame for the...
NAICOM will provide operational licenses to eligible online aggregators
The National Insurance Commission (NAICOM) has set a minimum share capital of N5 million and a registration charge of N3 million for web aggregators.
In...
