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Tag: National Insurance Commission

Insurance

Consumers demand reversal of NAICOM’s third party insurance directive

The Insurance Consumers Association of Nigeria has called on the National Insurance Commission to reverse its directive on the increase of third Party Motor Insurance Premium in Nigeria.   This was contained in a letter signed by the association’s National Coordinator, Chief Yemi Soladoye, on Sunday in Ibadan, according to The Guardian.   Punch Metro […]

Business

NAICOM introduces new premium motor insurance rates

The National Insurance Commission has introduced new premium rates for motor insurance in the country.   This Day reported that the commission stated, on Friday, that the new rates will take effect from January 1, 2023.   NAICOM in a circular dated December 22, 2022, signed by its Director, Policy and Regulation, Dr. L.M. Akah, […]

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Insurance

NAICOM to release guidelines on insurance of govt assets

The National Insurance Commission has said it would soon release guidelines on the insurance of government assets to ensure appropriate and adequate insurance cover for government assets. The Commissioner for Insurance, Sunday Thomas, said this on Thursday while delivering a paper at the second edition of the Chartered Insurance Institute of Nigeria, 2022 Business Outlook […]

FG to end fuel subsidy in 2023 - Minister
Insurance

FG backs insurers on compulsory policies

The Federal Government has assured insurers that it will ensure compliance with compulsory policies in the country. The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, said this during the 50th anniversary and commissioning of the new Insurers House of the Nigerian Insurers Association in Lagos on Thursday. The event was attended by […]