News & Events


The National Insurance Commission (NAICOM) being the Regulatory Authority of the insurance sector in Nigeria hereby pronounces that in line with the recently introduced Tier-Based Minimum Solvency Capital Policy, new Licences are now available for Tier 1 Level in both the Life and Non-Life business categories.

Public Announcement on Registration of New Insurance Companies

The Federal Government inaugurated a new Governing Board for the Commission on Thursday, March 08, 2018. The Board is under the Chairmanship of Chief Emmanuel Jideoffor Nwosu

Others inaugurated as members of the Board include:


L-R: Mr.Olorundare Sunday Thomas, Deputy Commissioner-Technical, National Insurance Commission (NAICOM); Mr. Tope Smart, Chairman, Nigerian Insurers Association; Mr. Mohammed Kari, Commissioner for Insurance/CEO,NAICOM and Mr. Eddie Efekoha,President, Chartered Insurance Institute of Nigeria, during the presentation on Tier-Based Minimum Solvency Capital at the emergency meeting of the Insurer’s Committee in Lagos on Wednesday. July 25, 2018.

The National Insurance Commission (NAICOM) on Tuesday inaugurated a Technical Committee that would drive the enforcement of public building insurance in the country.

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