News & Events

Further to the circular issued by NAICOM on May 20, 2019 increasing the paid up share capital of Insurers and reinsurers in Nigeria and, the subsequent directives to companies to submit their recapitalization plans by August 20, 2019 the Commission hereby notifies all insurance stakeholders that it received plans of Forty-Seven (47) insurers and two (2) reinsurers.

The National Insurance Commission (NAICOM) has granted approval In Principle to Cornerstone Takaful Insurance Company Ltd and Salam Takaful Insurance Company Ltd as Composite Takaful operators to transact both family and general Takaful businesses in Nigeria.

Faces at the 2019 Insurance Correspondence Retreat held in Ijebu - Ode, Ogun State on 3rd August, 2019

 
In its drive to ensure insurance market development through enhanced access points for insurance services in Nigeria, The National Insurance Commission has granted approval to GOXI Microinsurance Company Limited to operate as a State Composite Microinsurance Company transacting Life and General Micro insurance Business in Lagos State only.

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