Naicom news

NAICOM (National Insurance Commission) is the regulatory body for the insurance industry in Nigeria. Here are some recent news and updates from NAICOM:

Recent News:

  1. NAICOM introduces new insurance policy for COVID-19: In response to the COVID-19 pandemic, NAICOM has introduced a new insurance policy that provides coverage for individuals and businesses affected by the pandemic.
  2. NAICOM sets new minimum capital requirement for insurance companies: NAICOM has set a new minimum capital requirement of N8 billion for insurance companies operating in Nigeria.
  3. NAICOM launches online portal for insurance policyholders: NAICOM has launched an online portal that allows insurance policyholders to access their policy documents, make claims, and track the status of their claims.
  4. NAICOM introduces new guidelines for insurance agents: NAICOM has introduced new guidelines for insurance agents, aimed at promoting professionalism and ethical conduct in the industry.
  5. NAICOM warns against unauthorized insurance activities: NAICOM has warned against unauthorized insurance activities, including the sale of fake insurance policies and the operation of unlicensed insurance companies.

Recent Updates:

  1. NAICOM approves new insurance products: NAICOM has approved new insurance products, including a new life insurance policy and a new general insurance policy.
  2. NAICOM increases surveillance on insurance companies: NAICOM has increased surveillance on insurance companies to ensure compliance with regulatory requirements and to prevent fraudulent activities.
  3. NAICOM launches public awareness campaign: NAICOM has launched a public awareness campaign to educate Nigerians on the importance of insurance and the benefits of having insurance coverage.
  4. NAICOM collaborates with other regulatory agencies: NAICOM has collaborated with other regulatory agencies, including the National Pension Commission and the Securities and Exchange Commission, to promote financial stability and consumer protection.
  5. NAICOM reviews insurance industry's performance: NAICOM has reviewed the performance of the insurance industry in Nigeria, highlighting areas of strength and weakness, and identifying areas for improvement.

Upcoming Events:

  1. NAICOM's 2023 Insurance Summit: NAICOM is organizing its 2023 Insurance Summit, which will bring together industry stakeholders to discuss the future of the insurance industry in Nigeria.
  2. NAICOM's 2023 Insurance Awards: NAICOM is organizing its 2023 Insurance Awards, which will recognize outstanding performance and achievements in the insurance industry.

Please note that the information provided is subject to change and may not be up-to-date. It is recommended to visit NAICOM's official website or contact them directly for the latest information.