The National Insurance Commission has cancelled the State Insurance Producer policy. NAICOM disclosed this in a circular on ‘Withdrawal of State Insurance Producer Operational Guidelines’, which was released by the commission on Thursday and signed by the Director, Policy and Regulation, Agboola Pius. Part of the circular read, “Pursuant to the powers conferred by the […]Read More
No fewer than 600 insurance brokers have bided for the 2018/2019 insurance contracts of the Nigerian National Petroleum Corporation, NNPC. According to an insurance industry observer, the NNPC account is the juiciest in the industry adding that the insurance brokers that succeed in the bid need no other business to have a successful financial year. […]Read More
THE Presidency and the Federal Ministry of Finance are yet to sign the African Trade Insurance, ATI, treaty thus delaying the country’s membership of the regional body. ATI is a pan-African institution that provides political risk insurance to companies, investors, and lenders interested in doing business in Africa. The Nigerian government is expected to make […]Read More
Shareholders on Monday commended the National Insurance Commission (NAICOM) over the cancellation of the Tier Based Solvency Capital recapitalisation. The shareholders under the aegis of the Independent Shareholders Association of Nigeria (ISAN) said the cancellation of the recapitalisation bid by NAICOM was a welcome development and a sign of respect for the rule of law. […]Read More
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