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.

In its drive to ensure insurance market Development through enhanced access points for insurance services in Nigeria, NAICOM recently exposed four new Guidelines to the insurance market for inputs and/or Comments.

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