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NIIRA 2025

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Insurance World

BREAKING: 43 Insurance Firms Meet NAICOM Recapitalization Deadlines, As Exercise Concludes

BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission, (NAICOM), on Monday announced that 43 insurance and reinsurance companies successfully met the prescribed Minimum Capital Requirements....

Insurance World

Guinea Insurance Surpasses Minimum Capital Requirement with Successful Capital Raise

BY NKECHI NAECHE-ESEZOBOR—Guinea Insurance Plc has taken a major step toward solidifying its market position after successfully executing a ₦12.6 billion capital raise,...

Insurance World

NAICOM Boss Urges CIIN to Drive Professionalism, Innovation, Ethical Standards

The National Insurance Commission (NAICOM), on Friday  charged the Chartered Insurance Institute of Nigeria (CIIN) to deepen professionalism, uphold ethical standards, and embrace...

Insurance World

NIIRA 2025: NAICOM Engages Police to Curb Fake Insurance Certificates on Roads

BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission (NAICOM) has organized a specialized one-day training program for officers of the Nigeria Police Force (NPF), FCT...

Insurance World

Incoming NIA Boss Mrs. Nwachukwu Tackles Insurance Act Reforms with 3-Pillar Roadmap

BY NKECHI NAECHE-ESEZOBOR—The incoming Chairman of the Nigerian Insurers Association (NIA), Mrs. Ebelechukwu Nwachukwu, has unveiled a three-pillar strategic agenda aimed at guiding...

Insurance World

Sovereign Trust Insurance Steps Up Recapitalization with ₦1.5B CBN Deposit

BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc has successfully advanced its ongoing recapitalization programme by fulfilling its statutory deposit of N1.5 billion with the...

Insurance World

Sovereign Trust Insurance Targets Growth With ₦5.02bn Offer

BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance (STI) Plc has launched a ₦5.02 billion Rights Issue aimed primarily at strengthening its capital base and positioning...

Insurance World

FG Inaugurates Insurance Policyholders’ Protection Fund Committee Under NIIRA 2025

Commissioner for Insurance/CEO, NAICOM, Olusegun Ayo Omosehin.   BY NKECHI NAECHE-ESEZOBOR—The Federal Government has inaugurated the Insurance Policyholders’ Protection Fund (IPPF) Committee as...