Browsing Tag
Insurance
10 posts
Finance Minister Oyedele Challenges NAICOM on Insurance Recapitalization Levies
Finance Minister Taiwo Oyedele has intervened in a dispute between insurance companies and NAICOM over capital injection fees and escrow requirements.
Cornerstone Insurance and FIN Insurance Achieve NIIRA 2025 Capital Standards
Cornerstone Insurance Plc and FIN Insurance have officially met the new minimum capital requirements set by NAICOM under the 2025 insurance reform laws.
Impact of French and Spanish Wildfires on Your Travel Arrangements
Massive wildfires in France and Spain are disrupting travel; here is how to navigate potential cancellations, insurance coverage, and government advice.
Lagos State Launches Mandatory Building Insurance Program to Enhance Safety Standards
Lagos State has rolled out the Lagos State Building Insurance Scheme (LAGBIS) to mandate property insurance, aiming to curb building collapses and improve safety standards across the region.
NAICOM Praises Senate for Approving National Insurance Regulatory Commission Bill
NAICOM has lauded the Nigerian Senate for passing the National Insurance Regulatory Commission Bill, citing it as a vital advancement for industry regulation and financial inclusion.
Lloyd’s of London confirms former CEO violated rules regarding personal disclosure
An internal investigation at Lloyd's of London concluded that former CEO John Neal and director Rebekah Clement violated compliance rules by failing to disclose a personal relationship that created a perceived conflict of interest.
Senate Approves Legislation to Rename NAICOM to Insurance Regulatory Commission
The Nigerian Senate has passed a bill to rename NAICOM as the Insurance Regulatory Commission, aiming to modernize industry oversight and grant the agency greater autonomy.
NAICOM issues final reminder for July 31 insurance recapitalisation deadline
NAICOM Commissioner Olusegun Ayo Omosehin has urged insurance companies to meet the July 31 recapitalisation deadline, emphasizing that the requirement is essential for industry stability and service improvement.
NAICOM Urges Nigerian Insurers Association to Restore Public Confidence
NAICOM Commissioner Olusegun Ayo Omosehin has tasked the new NIA leadership with restoring public trust and expanding insurance penetration following recent legislative and capital reforms.
Daily Nigerian Press Summary: Financial Pressures and Legislative Updates
This review covers rising revenue gaps, FCCPC price warnings, political maneuvers by the NDC, insurance sector deadlines, and legislative debates on state policing.