Tag: NAICOM

Tinubu appoints Olusegun Omosehin as NAICOM boss

Tinubu appoints Olusegun Omosehin as NAICOM boss   President Bola Tinubu has appointed Olusegun Ayo Omosehin as the commissioner for insurance, National Insurance Commission (NAICOM). Tinubu appointed Omosehin to replace Olorundare Thomas. In a statement on Friday, Ajuri Ngelale, Special Adviser to the president, media and publicity, said Tinubu also[Read More…]

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NCRIB tells FG to reconsider Classification of NAICOM as Revenue Generating Agency

NCRIB tells FG to reconsider Classification of NAICOM as Revenue Generating Agency   The Nigerian Council of Registered Insurance Brokers has called on the Federal Government to reconsider its stand on the directive classifying the National Insurance Commission as revenue generating agency.   Prince Babatunde Oguntade, the President of the[Read More…]

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NAICOM retires more directors

NAICOM retires more directors   The Director, National Insurance Commission (NAICOM), Inspectorate Directorate, Pius Agboola, and his Administration and Human Resources counterpart, Habila Amos, have retired. Recently, the commission’s Director, Finance and Accounts (DFA), Barineka Thompson, also retired in line with the Federal Government’s new tenure policy. Agboola and Amos[Read More…]

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NAICOM releases Sandbox guidelines

The National Insurance Commission (NAICOM) has released the insurance regulatory’s sandbox operational guidelines, to take effect from May 1, this year. The guideline is to encourage innovation that would drive financial inclusion and positive competition. This is expected to be used to test insurance solicitation or distribution; insurance products, underwriting,[Read More…]

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NAICOM releases new guidelines to strengthen industry’s operations

The National Insurance Commission (NAICOM) has released new guidelines to address underwriting challenges. The areas covered are distribution, insurance product innovation, policy and claims servicing. Other areas covered by Insurance Regulatory Sandbox Regulatory Guidelines, are market conduct guidelines for Takaful, Retakaful insurance operators, enterprise risk management framework for Takaful. According[Read More…]

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