Nigeria’s NAICOM Moves to Save Weak Insurance Firms from Collapse

 The Nigerian National Insurance Commission (NAICOM) recently took a decision that may serve as a final step to save  identified weak firms in the system from total collapse. The commission, was said to have written administrative letters to insurance firms that are presently undergoing financial challenges as revealed by published financial reports, guiding them on… Continue reading Nigeria’s NAICOM Moves to Save Weak Insurance Firms from Collapse

2017 Flood victims file claims as insurers pay over N168m for 2015 floods.

  INSURED victims of floods that ravaged some parts of Lagos State recently are already filing their claims, even as insurance companies paid N168.44 million claims on flood mishaps in 2015. Chairman of Nigerian Insurers Association (NIA), Mr. Eddie Efekoha, said that the insured victims have started turning in their claims to the insurance companies… Continue reading 2017 Flood victims file claims as insurers pay over N168m for 2015 floods.