Tag: Insurance Firms
-
NAICOM suspends recapitalisation of Insurance Firms
The implementation of Tier-based Minimum Solvency Capital policy for insurance companies operating in Nigeria has been suspended by the industry’s regulator, National Insurance Commission (NAICOM). This information was made known by NAICOM in a circular to all insurance institutions titled Update on the implementation of the Tier-based Minimum Solvency Capital policy for insurance companies in…
-
NAICOM approves financial statements of 32 insurance firms, pends 9
The National Insurance Commission (NAICOM) on Tuesday said it had approved 32 out of 41 firms’ 2016 financial statements submitted to it. The Head, Corporate Affairs of NAICOM, Mr Rasaaq Salami, told the News Agency of Nigeria (NAN) in Lagos that nine others had queries and the commission was awaiting the response of the affected…