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Insurance World

NIIRA 2025: NAICOM Issues Licences to Additional Insurance Companies

BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission (NAICOM), on Thursday issued new licences to additional insurance companies that have been confirmed and verified as...

Insurance World

Insurers Back NAICOM’s Recapitalisation Framework, Celebrate Milestone Success

BY NKECHI NAECHE-ESEZOBOR—The Nigerian Insurers Association (NIA) on Wednesday reaffirmed its strong support for the National Insurance Commission (NAICOM) following the successful completion...

Insurance World

AIICO Insurance Gains NAICOM Compliance Clearance, Hits ₦661bn Total Assets

AIICO Insurance Plc has received a new operational licence from the National Insurance Commission (NAICOM), confirming its full compliance with the recapitalisation requirements...

Insurance World

Heirs General Insurance, Heirs Life Meet NAICOM Capital Requirements, Set Plans For Post Recapitalisation

BY NKECHI NAECHE-ESEZOBOR—Heirs General Insurance and Heirs Life Assurance have  met the National Insurance Commission’s (NAICOM) recapitalisation requirements. This development follows the conclusion...

Insurance World

NAICOM Begins Issuance of New License Certificates to Recapitalised Firms

BY NKECHI NAECHE-ESEZOBOR—National Insurance Commission (NAICOM), on Tuesday presented new Licence Certificates to insurance companies that successfully met the Commission’s new minimum capital...

Insurance World

NIIRA 2025: Lasaco Assurance meets NAICOM Recapitalisation Requirement

Lasaco Assurance Plc has successfully met the National Insurance Commission (NAICOM) capital requirements ahead of the July 31 deadline for the Minimum Capital...

Insurance World

NAICOM Confirms Veritas Kapital’s Full Compliance with NIIRA 2025 Capital Requirements

BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission (NAICOM), has confirmed Veritas Kapital Assurance Plc full compliance with the minimum capital thresholds mandated under the...

Insurance World

Rex Insurance Meets NAICOM Minimum Capital Requirement Under NIIRA 2025

BY NKECHI NAECHE-ESEZOBOR—Rex Insurance Limited has successfully met the new Minimum Capital Requirement (MCR) prescribed by the National Insurance Commission (NAICOM) under the...