The Director General of the Nigeria Civil Aviation Authority (NCAA), Captain Chris Najomo, has urged aviation insurers to enhance compliance, resilience, and alignment with global best practices to safeguard Nigeria's skies.
The National Insurance Commission (NAICOM) has introduced a new directive enforcing stricter Know-Your-Customer (KYC) requirements for insurance contracts.
The National Insurance Commission (NAICOM) and the Federal Ministry of Interior have discussed the critical need for an inclusive insurance policy that covers risks faced by travellers, migrants, workers, and families.
The Africa Centres for Disease Control and Prevention (Africa CDC) has said that Nigeria should accelerate the rollout of a robust national health insurance system to reduce the country's high out-of-pocket healthcare spending.
The National Insurance Commission (NAICOM) and the Federal Road Safety Corps (FRSC) have inaugurated a Joint Committee on the Enforcement of Compulsory Third-Party Motor Insurance.
The Nigerian Council of Registered Insurance Brokers (NCRIB) has projected that Nigeria's insurance penetration could reach 3% in the next three years. In comparison, the current insurance penetration rate in the country is estimated at 0.5%.
Nigeria's insurance regulator, the National Insurance Commission (NAICOM), has urged West African countries to strengthen financial instruments and deepen regional collaboration to address escalating climate change risks.
The Federal Airports Authority of Nigeria (FAAN) has said that all federal airports it manages are fully insured, with insurance coverage up to date and back-up records maintained.
Capital flight of about $2bn takes place in Nigeria each year as multinationals purchase health insurance for their employees from international insurers, according to the National Insurance Commission (NAICOM).
emPLE Group, the insurance subsidiary of African conglomerate EverCorp Industries, has acquired 100% of Metropolitan Ghana from South Africa's Momentum Group, which leaves the Ghanaian market following the divestment.