The National Insurance Commission (NAICOM) and the Nigeria Civil Aviation Authority (NCAA) have signed a Memorandum of Understanding (MoU) aimed at improving aviation insurance compliance and regulatory oversight.
The National Insurance Commission (NAICOM) has released a five-year reform programme to lift Nigeria's insurance penetration and expand coverage to 25m Nigerians.
Takaful is an alternative insurance model, rather than a subset of conventional insurance, according to the Commissioner for Insurance and Chief Executive of the National Insurance Commission (NAICOM), Mr Olusegun Ayo Omosehin.
Heirs Insurance Group (Heirs) has announced the audited financial results of its companies for the year ended 31 December 2025. Heirs is the insurance arm of Heirs Holdings, a pan-African investment company.
The National Insurance Commission (NAICOM) has confirmed that seven more insurance companies are fully compliant with the Minimum Capital Requirements (MCR) stipulated under the Insurance Industry Reform Act (NIIRA) 2025.
The National Insurance Commission (NAICOM) expects insurers to demonstrate tangible benefits from their stronger balance sheets, following the completion of an industry-wide recapitalisation exercise.
Heirs Insurance Group (Heirs) has met the National Insurance Commission's (NAICOM) recapitalisation requirements, with both Heirs General Insurance and Heirs Life Assurance included on the regulator's list of insurance companies that have satisfied the revised minimum capital requirements by the 31 July deadline.
The National Insurance Commission (NAICOM) has announced that the verified outcome of a recapitalisation exercise in the insurance industry indicates that 43 insurance and reinsurance companies successfully met prescribed Minimum Capital Requirements (MCR) by the statutory deadline of 31 July 2026.
The Senate has passed, after a third reading, the Insurance Regulatory Commission Bill that among various provisions, will rename the National Insurance Commission (NAICOM) and set out a new legal framework for regulating Nigeria's insurance industry.
As Nigeria intensifies efforts to bridge its housing deficit, a question that continues to receive far less attention than it deserves continues to hang over homeowners' heads.