Effect of Obsolete Insurance laws on Nigerians

Adegboyega Adepegba & Co and the Nigerian Insurance Law Association have expressed their commitment to insurance law review. According to a statement obtained from Adegboyega Adepegba & Co, stakeholders will deliberate on this issue at a three-day insurance seminar with […]

Why a takeover in UNIC Insurance Plc is necessary

The National Insurance Commission has taken over the management of UNIC Insurance Plc. NAICOM said on Sunday that it had set up a four-member interim board to oversee the affairs of the company for the next six months, with Chief […]

How FG inaugurated the new NAICOM board

The Federal Government has inaugurated the governing board of the National Insurance Commission with Chief Emmanuel Nwosu as its chairman. NAICON said the Minister of Finance, Mrs. Kemi Adeosun, performed the inauguration in Abuja and named members of the board […]

The effect of double taxation on Insurance firms in Nigeria

The Federal Inland Revenue Service has promised to address controversial tax issues in the insurance industry. The Partner and Head, Tax Regulatory and Peoples Services, KPMG, Wole Obayomi said this during a lecture on Voluntary Asset Income Declaration Scheme, which […]

Effect of fresh licence on operations of Microinsurance companies

The National Insurance Commission (NAICOM) has called on the 17 insurance companies that are already selling microinsurance products through the window operations to acquire fresh licence within a period of 18 months. The ultimatum was issued in the revised microinsurance […]

Improving customer experience and service delivery in insurance sector

Major consumers of insurance products have said that before the nation’s insurance industry can be viable like others there is need for the regulators and operators to be mindful of efficient service delivery and prompt claims settlement to the insuring […]