Vision



To be among the leading regulators of the insurance sector in the emerging markets

Mission



To conduct effective supervision of the Nigerian Insurance industry for the attainment of a high ethical standard needed to position the industry as a leading market in the global economy.

Core values



Transparency, Integrity and Efficiency (TIE)

GENERAL STATISTICS

NUMBER OF LICENSED COMPANIES IN NIGERIA

Life ....................................15

Non Life .............................29

Composite ..........................12

Re-Insurance ....................... 2

INSURANCE CONTRIBUTION TO THE NIGERIAN ECONOMY

Total Net Premium ............ (N)188,755.74BN

Total Gross Premium ........ (N)258,402.31BN

+Increase / -Decrease

TGP ........................... (%)+10.55

NUMBER OF LICENSED INSURANCE PRACTITIONERS IN NIGERIA

Reinsurance ......... 2

Underwriters ......... 58

Brokers ................... 577

Loss Adjusters ....... 54

Agents ..................... 1900

News & Events

PRESS RELEASE

NAICOM Dissolves Board of  IEI (PDF)

NAICOM, Federal Fire Service to Set up Joint Insurance Implementation Committee (PDF)

Fola Daniel Honoured with NAtional Leadership ... read more

ICAN REJOINDER

RE: ICAN PRESIDENT’S COMMENTS ON NAICOM’S APPROACH TO COMPLIANCE WITH NIGERIA ROAD MAP FOR IFRS CONVERSION

(CLICK HERE TO READ)

 

read more

Old Mutual Acquires Oceanic Life Insurance

Old Mutual Plc, a South Africa-based Insurance firm, has finalized its investment in Oceanic Life Insurance Ltd by acquiring the majority shareholding of the company.  

The company ... read more

DISCLAIMER

 

The attention of the National Insurance Commission (NAICOM) has been drawn to a purported recruitment exercise by it as appeared on the internet today, March 14, 2013.

... read more

REGISTRATION OF NEW INSURANCE BROKERS

 

 

As part of efforts aimed at effective service delivery, the general public is hereby informed that registration of new Insurance Brokers by the Commission will ... read more

Settled Court cases on Partial/Installmental /non-payment of Insurance Premium

 

Settled Court cases on Partial/Installmental /non-payment of Insurance Premium(Click here to read the full Article)

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PAYMENT OF CLAIMS THROUGH NAICOM's INTERVENTION

The following disputes arising from non-settlement of Insurance claims between Insurance Companies and Policy holders were successfully ressolved by the National Insurance Commission (NAICOM) and the Claims paid to ... read more