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Why insurers failed the N1trn income target — NAICOM - Vanguard News NigeriaThe insurance industry could not achieve the N1 trillion premium income target due to inappropriate risk pricing.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
FG pledges support to NAICOM on existing, prospective operators - Vanguard News NigeriaFederal Government has assured the National Insurance Commission (NAICOM) of its support in executing its mandate on existing and prospective operators in the insurance industry.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
NAICOM seeks other tools to enforce capital adequacy problem - Vanguard News NigeriaTHE National Insurance Commission, NAICOM, has said that it will consider other appropriate tools to address the issue of low capital in the insurance industry, following withdrawal of the circular on Tier Based Minimum Solvency Capital, TBMSC.
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2019: NAICOM warns operators against rate cutting - Vanguard News NigeriaThe National Insurance Commission (NAICOM) on Saturday, cautioned insurance operators against rate cutting in 2019.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
NAICOM Confirms Braie As MD Of Linkage AssuranceThe National Insurance Commission (NAICOM) has confirmed the appointment of Mr. Daniel Braie as the managing director/CEO of Linkage Assurance Plc. The approval was communicated to the Chairman Board of Directors via a letter dated 28th December 2018. Mr. Braie was the executive director, Technical of the Company before he was elevated to the position […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »
NAICOM sacks Funke Moore as Insurance MD - Daily Post NigeriaGoldlink Insurance Plc, on Monday announced the sack of its Managing Director, Mrs Funke Moore by the National Insurance Commission (NAICOM) effective from Sacking season
Source: DailyPostNGR - 🏆 11. / 59 Read more »
'Rate cutting' threatens NAICOM's 2020 N1 trillion premium target - OfficialRate cutting is a process whereby a lower premium is accepted from an insurance policyholder than the amount stipulated by NAICOM What? This is setting a price as if market forces don't follow demand and supply and no competition. NAICOM can't gouge it's way to N1tln. Good for customers to pay less on their premiums and good for insurance companies too as more customers so a win/win. In my opinion
Source: PremiumTimesng - 🏆 3. / 78 Read more »
‘Rate Cutting Threatens NAICOM’s N1trn Premium Target’The National Insurance Commission (NAICOM) at the weekend cautioned insurance operators against rate cutting in 2019. The Deputy Commissioner for Insurance, Technical, Sunday Thomas, issued the warning in an interview with the News Agency of Nigeria (NAN) in Lagos. Mr Thomas explained that the industry’s target of N1 trillion premium by 2020 may fail due […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Insurers Target Higher Premium IncomeInsurance companies in the country are optimistic that the industry would make more premium income from Group Life Insurance business in the current year as opposed to last year. The new rating on group life cover announced by the National Insurance Commission(NAICOM) last year, according to operators, would yield better dividend in the current year […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Tension in insurance sector as operators undermine rate policy - Vanguard News NigeriaTHERE are apprehensions in the insurance industry over allegations that some insurance operators have cleverly created means of giving out discounts on compulsory classes of insurance thereby bypassing the pricing policy by the National Insurance Commission, NAICOM.
Source: vanguardngrnews - 🏆 5. / 75 Read more »