Monday, November 2, 2026
NAICOM revokes Universal Insurance licence over capital shortfall
The National Insurance Commission (NAICOM) has revoked the operating licence of Universal Insurance Plc following the company’s failure to meet...
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Insurance recapitalisation gives insurers greater capacity to take on risk-NIA
The Nigerian Insurers Association (NIA) has commended the successful conclusion of the insurance industry’s recapitalisation exercise, saying the process has...
Read moreDetailsSeven insurers missing from NAICOM’s 50-firm compliance list
Seven insurance and reinsurance companies remain outside the list of operators publicly confirmed by the National Insurance Commission (NAICOM) as...
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Global reinsurance faces pricing pressure as capital hits record levels
The global reinsurance industry is entering a critical phase as record capital levels and strong earnings raise concerns over intensifying...
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Nigeria’s insurance capital shake-up opens new regulatory battle
Nigeria’s insurance reform agenda faces a fresh credibility test as questions mount over whether the new capital regime will be...
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Finance Ministry halts NAICOM’s N680m charges on NICON, Nigeria Re
The Federal Ministry of Finance has directed the National Insurance Commission (NAICOM) to provide the legal basis for imposing N680...
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AI boom forces insurers to rethink cyber risk, coverage
The rapid adoption of artificial intelligence (AI) by investment managers and financial services firms is prompting insurers to rethink how...
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Nigeria Re loses operating licence over recapitalisation failure
The National Insurance Commission (NAICOM) has revoked the operating licence of Nigeria Reinsurance Corporation after the company failed to meet...
Read moreDetailsNAICOM challenges insurers to turn new capital into faster claims, higher returns
The National Insurance Commission (NAICOM) expects improved investor sentiment and stronger performance from Nigeria’s insurance stocks as uncertainty surrounding the...
Read moreDetailsInsurance profit race shifts from premiums to capital deployment
Nigeria's insurance industry delivered mixed financial performances in the first half of 2026, with AIICO Insurance and Cornerstone Insurance recording...
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