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NAICOM to focus on capital requirement, risk based supervision, others in 2019

NAICOM to focus on capital requirement, risk based supervision, others in 2019

The National Insurance Commission (NAICOM) has listed capital requirement for insurance practice, establishment and implementation of effective risk     management and full implementation of risk based capital and supervision as areas of focus for the commission  this year. Other areas, according to the commission, include monitoring of asset and liability management practices; enforcement of code of […] …

‘NIA promoting self-regulation’

‘NIA promoting self-regulation’

The Nigeria Insurers Association (NIA) is promoting self-regulation among its member companies, the Chairman, Mr. Tope Smart, has said. He spoke during a media parley  in Lagos. Smart said the association is taking self-regulation more seriously than ever before, following the cancelled Tier Based Minimum Solvency Capital (TBMSC) introduced in August 2018, and later cancelled […] …

Emergence of State Health Insurance Schemes

OVER the years, the failure of the National Health Insurance Scheme, NHIS, to fulfill its primary objective of providing the required health insurance coverage for all Nigerians has compounded the fortunes of those at the lowest rung of the economic ladder.
Continue reading Emergence of State Health Insurance Schemes at Vanguard News Nigeria. …

NSIA launches Health Insurance

NSIA launches Health Insurance

NSIA Insurance has launched its new International Health Insurance product, NSIA Health Insurance into the Nigerian market. The Managing Director of NSIA Insurance, Ebelechukwu Nwachukwu, in a statement made available to reporters in Lagos, said to deliver on all that is expected from an international health insurance offering, NSIA has partnered with Cigna and Hollard. […] …

AXA Mansard announces AXA partnership with Liverpool FC

AXA Mansard announces AXA partnership with Liverpool FC

AXA Mansard, a member of the AXA Group, has announced that AXA is partnering Liverpool FC. According to statement made available to reporters in Lagos, AXA reignites its sponsorship strategy to join forces with one of the most famous names in sports. The multi-year deal with English Premier League legends Liverpool Football Club (“Liverpool FC”) […] …

Guinea challenges NAICOM over suspension

Guinea challenges NAICOM over suspension

Guinea Insurance Plc has debunked claims that the National Insurance Commission has suspended it from doing new insurance business. Its Chairman, Godson Ugochukwu in a statement, said contrary to reports by NAICOM that the company has been suspended from transacting new businesses, the company is still in business. He said the allegations levelled against the […] …

Why N1tr premium target failed, by NAICOM

Why N1tr premium target failed, by NAICOM

The N1 trillion premium income projected target for the industry has not been successful because insurance operators failed to behave rationally, Deputy Commissioner for Insurance, Technical, Sunday Thomas has said. Thomas, who spoke at a forum in Lagos, stated that the commission proposed N1 trillion for the market, under certain circumstances and with a lot […] …

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