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

Nigerian, other West African insurers consolidate for business expansion.

Strong and positive moves towards enhanced integration by regional insurance players … Please Read & Enjoy!
#NewPostAlert

Unpaid Claims: Insurance Companies To Lose N30bn Statutory Deposit

Insurance companies in the country who fail to pay genuine claims, risk losing a substantial part of their cumulative N30 billion statutory deposits, while managing directors of the underwriting firms will also face removal, this was revealed by reliable inside sources. Findings revealed that the 58 registered insurance companies in the country have cumulative statutory… Continue reading Unpaid Claims: Insurance Companies To Lose N30bn Statutory Deposit