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Nigerian Insurance Industry Reform Act

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Insurance World

NANS Endorses Insurance Industry Reforms, Condemns moves to Derail Recapitalisation

BY NKECHI NAECHE-ESEZOBOR—The National Association of Nigerian Students (NANS), on Wednesday declared its support for National Insurance Commission, (NAICOM), and the ongoing transformation...

Insurance World

African Alliance Secures Shareholders Nod to Raise N12bn, Eyes Return to Active Trading

BY NKECHI NAECHE-ESEZOBOR—The board  of directors of African Alliance PLC on Wednesday got shareholders nod to raise N12 billion additional capital to shore...

Insurance World

Mutual Benefits Assurance Bags ‘A-’ Rating as Agusto & Co. Hails Improved Profitability

BY NKECHI NAECHE-ESEZOBOR—-Agusto & Co. has upgraded the long-term credit rating of Mutual Benefits Assurance Plc from ‘Bbb+’ to ‘A-’, with a stable...

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

NAICOM Recapitalisation: Open Letter To The Honourable Minister Of Finance By Mohamed Kari, Former Commissioner For Insurance,NAICOM

OPEN LETTER TO THE HONOURABLE MINISTER OF FINANCE 12th August 2026 Federal Ministry of Finance Abuja, Nigeria   Enforcing a level playing field...

Insurance World

Why Capital Base Alone Won’t Attract Foreign Investors to Insurance Sector — SEC Commissioner

BY NKECHI NAECHE-ESEZOBOR—The successful completion of recapitalization exercise in  Nigeria’s insurance sector marks a new beginning and a new phase of growth for...

Insurance World

AXA Mansard Grows H1 profit to ₦7.8 billion, Meets Minimum Capital Requirements threshold

AXA Mansard Insurance Plc has sustained its growth momentum in its half year 2026, posting a 14 per cent increase in profit after...

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...