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NAICOM Guidelines

Guidelines for Insurance Products

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NAICOM Restores Stability, Hands Over African Alliance Insurance Plc to New Board After 18-Months Turnaround

The National Insurance Commission (NAICOM) has formally transferred operational control of African Alliance Insurance Plc to a newly constituted Board nominated by the company’s shareholders, following the successful conclusion of a regulatory intervention that commenced in October 2024. The handover marks a significant milestone in restoring the company’s financial stability, safeguarding the interests of policyholders […]

NAICOM APPOINTS ERNST & YOUNG AS CONSULTING ACTUARY FOR ITS RISK-BASED CAPITAL FRAMEWORK

The National Insurance Commission (NAICOM) has appointed global professional services firm Ernst & Young (EY) as Consulting Actuary for the finalization and implementation of Nigeria’s Risk-Based Capital (RBC) framework. The appointment was formalized at a working meeting held today between NAICOM and EY in Abuja, as part of the Commission’s ongoing Risk-Based Capital Implementation project. […]

African Insurance Leaders Highlight Urgent Need for Regulatory Innovation and Digital Distribution at AIO Panel

African Insurance Leaders Highlight Urgent Need for Regulatory Innovation and Digital Distribution at AIO Panel

Cairo, Egypt – June 2026 — Industry leaders at the 52nd African Insurance Organisation (AIO) Conference have called for bold regulatory reforms and digital innovation to close Africa’s insurance protection gap and unlock inclusive economic growth across the continent. Participating in a high-level panel discussion, Mr. Olusegun Ayo Omosehin, Commissioner for Insurance/CEO of Nigeria’s National […]

NAICOM APPOINTS ERNST & YOUNG AS CONSULTING ACTUARY FOR ITS RISK-BASED CAPITAL FRAMEWORK

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Abia and NAICOM 02

Commissioner for Insurance Mr. Olusegun Ayo Omosehin Leads Delegation to Abia, Pledges Stronger Partnership on Safeguarding Economic Activities and Upholding Policyholders Protection

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NAICOM Financial Sector

21st Insurers Committee Meeting Convenes in Lagos, Advances Risk-Sharing and Financial Sector Collaboration

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NAICOM NEWS

NAICOM Issues First Insurtech Licence, Reinforcing Commitment to Innovation and Market Integrity

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NAICOM Law

Nigerian Insurance Industry Reform Act (NIIRA) 2025

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Copyright © 2026 NAICOM • All Rights Reserved

NIA Pays Courtesy Visit to NAICOM......The Launch of the Insurance Sector Strengthening Programme (ISSP)......NAICOM Hosts IFSB Takaful Experts on Diagnostic Assessment Mission to Strengthen Nigeria’s Takaful Market....NAICOM Issues Licences to additional companies confirmed and verified as compliant with the minimum capital requirements under NIIRA2025....Notice to the General Public,List of Additional Seven (7) Insurance Companies Confirmed and Verified by the Commission as Compliant with the Minimum Capital Requirements Under NIIRA 2025 and Applicable Insurance Laws and Guidelines....NAICOM Commences Issuance of New Licence Certificates to Recapitalized Companies, Marking a New Era for Nigeria's Insurance Industry...NAICOM Announces Successful Completion of the Insurance Sector Recapitalization Exercise, Heralding a New Era of Insurance in Nigeria......Commissioner for Insurance Reaffirms Support for Insurance Sector Growth as Noor Takaful Nears 10th Anniversary........Senate passes bill to rename NAICOM as Insurance Regulatory Commission...PUBLIC NOTICE!!!!!! TO ALL STAKEHOLDERS OF NIGER INSURANCE PLC (IN RECEIVERSHIP) The attention of the National Insurance Commission (NAICOM) has been drawn to publications carried in various national daily newspapers on 15 July 2026 by the purported management of Niger Insurance Plc (“Niger” or “the Company”). For the avoidance of doubt, NAICOM hereby categorically states that the referenced publication is false, mischievous, and grossly misleading. Accordingly, the general public, especially stakeholders and former policyholders of Niger Insurance Plc, are hereby requested to TAKE NOTICE.....Mr. Omosehin charges CIIN on professionalism, ethics and innovation as Akinjide Orimolade emerges 53rd President....NAICOM holds one-day training for Nigeria Police Force on compliance with compulsory Insurance Policies.....Nigeria's Insurance Premium  Hits N2.3 Trillion as Industry Assets Rise to N4.8 Trillion.....National Insurance Commission Successfully Inaugurates Insurance Policyholders’ Protection Fund (IPPF) Committee on 15th May 2026...