FG Boosts Awareness on Life Assurance Policy for Civil Servants
By Oluwakemi Kindness The Federal Government has intensified efforts to promote awareness and improve the implementation of its Group Life Assurance Policybfor federal civil servants. Thia is as the National Insurance Commission (NAICOM), in collaboration with the Office of the Head of the Civil Service of the Federation (OHCSF), held a capacity-building workshop in Abuja […]
NAICOM Strengthens Enforcement of Insurance for Public Buildings and Construction Projects
By Oluwakemi Kindness The National Insurance Commission (NAICOM) has reaffirmed its commitment to enforcing insurance compliance for public buildings and construction sites across Nigeria. NAICOM stated this at the 4th Meeting of the Joint Committee on Insurance for Public Buildings and Buildings under Construction, in Abuja on Wednesday which brought together key stakeholders to review […]
Aviation Boost: NAICOM Rolls Out Bold New Leasing Rules
By Oluwakemi Kindness The National Insurance Commission (NAICOM) has officially launched the Revised Regulation on Insurance for Leased and Financed Aircrafts. The revised regulation seeks to strengthen Nigeria’s aviation and insurance industries, enhance investor confidence, and promote ease of doing business in the country. The unveiling held in Abuja on Monday at the Office of […]
NAICOM Hands CHI Life Assurance Operational License
Oluwakemi Kindness The National Insurance Commission (NAICOM) has taken another step to strengthen the insurance industry in Nigeria by issuing a license to CHI Life Assurance Limited. Commissioner for Insurance, Olusegun Ayo Omosehin, who warmly welcomed the CHI Life Assurance executives, urged them to make a positive impact in the industry. Speaking in Abuja at […]
NAICOM, NEMSA Partners On Electrical Safety, Insurance Compliance
Oluwakemi Kindness The National Insurance Commission and the Nigerian Electricity Management Services Agency have entered into a historic partnership, signing a Memorandum of Understanding on electrical safety and enhancing insurance compliance. This collaborative effort aims to establish a framework for mutual understanding and cooperation in achieving their regulatory obligations, prioritizing the safety of lives and […]
FCT Police Commences Enforcement of Mandatory 3rd-Party Motor Insurance
Oluwakemi Kindness The Federal Capital Territory (FCT) Police Command has commenced the enforcement of the mandatory minimum Third-Party Motor Vehicle Insurance stated from February 1, 2025 The Command in a statement in Sunday said this is in line with the directive of the Inspector-General of Police, IGP Kayode Adeolu Egbetokun It said all vehicle owners […]
Police Set February 1 For Enforcement Of 3rd Party Vehicle Insurance
By Oluwakemi Kindness The Inspector-General of Police (IGP), Kayode Adeolu Egbetokun, has announced February 1, 2025, as the commencement date for the enforcement of the relevant laws on third-party insurance. IGP Egbetokun who affirms the importance of third-party insurance stated this on Friday when he received the Commissioner for Insurance, National Insurance Commission (NAICOM), Olusegun […]
NAICOM, Fire Service to integrate insurance into building safety checklists
By Oluwakemi Kindness In the bid to boost insurance penetration in Nigeria, the National Insurance Commission (NAICOM) and the Federal Fire Service has met to review and strengthen their partnership. A statement from NAICOM said the Federal Fire Service, as a key member of the committee on insurance of public buildings and buildings under construction, […]
NAICOM Hails Passage of New Insurance Bill by 10th Senate
By Oluwakemi Kindness The National Insurance Commission (NAICOM) has lauded the Senate following the passage of the new Insurance Consolidated Bill. NAICOM which said it warmly welcomes the passage noted that it is optimistic that the legislation will unlock the growth, prosperity, and potentials of the insurance sector. The commission in a statement said the […]
NAICOM Outlines Strategic Transformation Roadmap For Insurance Sector
Oluwakemi kindness In the face of rapid changes in the business environment and adoption of strategies to meet current realities, the National Insurance Commission NAICOM has crafted a 4-year Strategic Plan (2024 – 2027) to serve as roadmap for the industry. The 4-year Strategic Plan consists of 5 priority areas for immediate implementation which […]