Tag: Insurance Industry
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Insurance industry shifting tech paradigm – FITC
Managing director/CEO FITC, Chizor Malize, has asserted that globally, the insurance landscape is undergoing a paradigm shift. She spoke during the 2022 NAICOM Board retreat themed: “Strengthening Board Resilience and Agility for Success” held in Abuja. Malize stated that digital is no longer a nice to have but a critical part of business strategy and…
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NAICOM bows to pressure, cancels insurance industry’s recapitalisation ‘with immediate effect’
The National Insurance Commission (NAICOM) on Friday cancelled the Tier Based Solvency Capital recapitalisation of the underwriting sector with immediate effect. The commission gave this notice in a circular to all insurance companies on ‘Withdrawal of circular on Tier Based Solvency Capital policy for insurance companies in Nigeria’, which was signed by the Director, NAICOM,…