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News
NAICOM: Insurance Sector Raised Additional N1.079tn During Recapitalisation Exercise
10+ hour, 7+ min ago (562+ words) The National Insurance Commission (NAICOM), has said that the insurance sector raised a total of N1.079 trillion during the recently concluded recapitalisation exercise. The Commissioner for Insurance, Mr Ayo Omosehin, stated this while giving an update of the recapitalisation exercise in…...
Nigeria: New collaboration aims to improve aviation insurance regulation
4+ day, 55+ min ago (366+ words) National Insurance Commission (NAICOM) and the Nigeria Civil Aviation Authority (NCAA) have collaborated to advance the coordination of framework for regulatory compliance in the aviation sector in Nigeria. “This occasion represents not only the strengthening of institutional cooperation, but also…...
NAICOM, NCAA Sign MoU to Tighten Aviation Insurance Oversight
4+ day, 4+ hour ago (416+ words) streamlinefeed.co.ke The National Insurance Commission and the Nigeria Civil Aviation Authority signed a memorandum of understanding on Wednesday, September 9, at the NCAA headquarters in Abuja, tightening oversight of aviation insurance compliance and establishing a Joint Technical Committee on…...
ASIC confirms investigation into collapsed Sphere Insurance Group
4+ day, 1+ hour ago (374+ words) "ASIC can confirm that it has commenced an investigation and has engaged with the liquidator in connection with that investigation," an ASIC spokesperson told Insurance Business. Read next: ASIC issues warning to AFS licensees ASIC declined to say whether it…...
China Speeds Up Drug Price Talks as Commercial Insurance Fast-Track Loses Steam
4+ day, 9+ hour ago (176+ words) Caixin Global China Speeds Up Drug Price Talks as Commercial Insurance Fast-Track Loses Steam China concluded negotiations over drug prices for its 2026 national reimbursement lists on Wednesday, more than a month earlier than in prior years, as Beijing seeks to…...
DingGo launches MotorClaimPro to tackle hidden leakage in motor insurance claims
5+ day, 5+ hour ago (724+ words) DingGo | Published 9 Sept 2026 New AI-powered platform gives insurers and claims administrators a specialist technology platform for managing complex third-party motor claims without needing to replace existing claims systems MotorClaimPro has been purpose-built to manage two of the most complex areas…...
NICON Rejects NAICOM Licence Revocation, Insists It Remains A Going Concern As Legal Battle Looms
6+ day, 2+ hour ago (857+ words) NICON rejects NAICOM’s licence revocation, calls recapitalisation exercise “fake and fraudulent” and says the dispute is before court. National Insurance Commission (NAICOM) has revoked the operating licenceof NICON Insurance Limited and appointed a Receiver/Provisional Liquidator to take control of…...
NICON INSURANCE We are in Business: NAICOM The Insurance Regulator is under EFCC for Fruaudulent Recapitalisation
6+ day, 7+ hour ago (18+ words) Ondo Events...
Nigeria’s biggest insurance firm, NICON, loses licence – What it means for policyholders, creditors, other stakeholders
6+ day, 5+ hour ago (491+ words) The National Insurance Commission, NAICOM, Nigeria’s insurance regulatory body, has revoked the operational licence of the National Insurance Corporation of Nigeria, NICON. NICON, Nigeria’s biggest insurance company, was established in 1969 by Decree 2 and owned by the federal government. NAICOM revoked…...
NAICOM Revokes NICON Insurance Licence, Appoints Receiver
6+ day, 14+ hour ago (592+ words) The National Insurance Commission (NAICOM) has revoked the operating licence of NICON Insurance Limited, bringing to an end the operations of one of Nigeria’s oldest and historically significant insurance companies. The regulatory action followed the company’s failure to satisfy prescribed…...