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National Insurance Commission

National Insurance Commission

Terrorism
INSURANCE & PENSIONS
The insurance sector has recorded claims payments of N217.8 million for terrorism cover, indicating reversal of the general apathy to this kind of insurance cover. It will be ...
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AIICO
INSURANCE & PENSIONS
The Board of a Nigeria-based company, which deals in providing insurance services in life insurance business, non-life insurance business, deposit administration and financial services to organizations and private ...
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NAICOM
INSURANCE & PENSIONS
Shareholders on Monday commended the National Insurance Commission (NAICOM) over the cancellation of the Tier Based Solvency Capital recapitalisation. The shareholders under the aegis of the Independent Shareholders ...
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AIICO Insurance
COVER INSURANCE & PENSIONS NEWSLETTER
AIICO Insurance Plc, in a notice to the Nigerian Stock Exchange (NSE), has announced it will be holding an Extra Ordinary General Meeting on Friday the 5th of ...
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AIICO Insurance
BANKING & FINANCE INSURANCE & PENSIONS NEWSLETTER
Poised to deepen insurance penetration and awareness, AIICO Insurance Plc., a leading insurance company in Nigeria on Thursday said it has concluded arrangements with Wema Bank to increase access ...
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COVER INSURANCE & PENSIONS NEWSLETTER
Following the recapitalisation timeline announced last week by the National Insurance Commission (NAICOM), fears of hostile takeover has gripped some owners of insurance companies due to their low share prices on ...
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Mutual benefits
INSURANCE & PENSIONS
Mutual Benefits Assurance Plc has paid a total of N5.15 billion to policyholders in the country in efforts to regain confidence in the nation’s insurance sector. According to ...
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Linkage Assurance
AUTOMOBILE INSURANCE & PENSIONS MARKETING AND MARKETING COMMUNICATION
Linkage Assurance Plc has received the approval of the National Insurance Commission (NAICOM) to sell its motor insurance policies online through a technology platform that makes it more ...
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ARM
INSURANCE & PENSIONS NEWSLETTER
Commissioner for Insurance, National Insurance Commission, NAICOM, Mohammed Kari has said the insurance industry presently has between N70 to N80 billion life annuity fund. The Commissioner made this known following ...
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Insurance Operators to Spend N300million on Market Rebranding
The Commissioner for Insurance, Alhaji Mohammed Kari has stated that insurance operators in Nigeria have agreed to foot N300million estimated cost of a nine months rebranding of the ...
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Eight Insurance Firms Incur N5.6m Fines over Delayed Annual Accounts
Eight insurance companies in the country, who failed to submit their 2014 annual accounts as at the end of June 30th deadline have incurred N5000 daily fines from ...
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NAICOM Signs MoU With Four W.African Countries
The National Insurance Commission (NAICOM) has signed a Memorandum of Understanding (MoU) with the supervisory bodies of four other countries in West Africa The countries, according to a ...
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NAICOM Won’t Go Back On September 30 Deadline
The Commissioner for Insurance, Alhaji Kari Muhammad, has said that the National Insurance Commission (NAICOM) will not go back on the September 30th deadline for insurance companies to ...
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NAICOM Facilitates Payment of N540m Insurance Claims in First Half 2015
The National Insurance Commission, NAICOM, has announced that it successfully resolved 34 complaints over delayed or non-settlement of insurance claims in the first half of 2015. The commission said ...
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Buhari Appoints New Commissioner For Insurance
President Muhammadu Buhari has appointed Alhaji Mohammed Kari as the Commissioner for Insurance and Chief Executive of the National Insurance Commission. This is contained in a statement issued ...
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Insurance Firms to Pay Fine, Lose Licence for Non-Payment of Claims
The National Insurance Commission, NAICOM, is to impose sanctions on insurance companies that refuse to pay genuine claims to their policyholders from October 1, 2015. Defaulting insurers will be ...
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17 Insurers Risk Heavy Sanction Over Non-Submission of 2014 Accounts
National Insurance Commission, NAICOM, has announced that a total of 17 insurance outfits are yet to submit their 2014 International Financial Reporting Standards (IFRS) based accounts even as the deadline ...
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National Insurance Commission Ratifies Staco 2014 Financial Accounts
National Insurance Commission, NAICOM, has approved the 2014 International Financial Reporting Standards (IFRS)-based accounts of Staco Insurance. Managing Director of the company, Sakiru Oyefeso disclosed this to the board and management of ...
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19 Insurers Yet to Submit 2014 Accounts to NAICOM
The National Insurance Commission, NAICOM, says insurance companies expected to submit their 2014 International Financial Reporting Standards (IFRS) based accounts to the commission, are yet comply with this provision of ...
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26 Insurance Firms Submit 2015 First Quarter Financial Reports to NAICOM
The National Insurance Commission (NAICOM) has revealed that 26 insurance companies complied with the statutory requirements on submission of their 2015 first quarter returns as at the end ...
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