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Tag Archives: NAICOM

NAICOM Deploys Technology to Tackle Fake Insurance

The National Insurance Commission (NAICOM) says it has rolled out some digitisation strategies through its new portal to transform the sector and improve insurance penetration. Mr Abiodun Aribike, the Deputy Director in charge of Information Technology in NAICOM, said this on Friday in Uyo at a seminar for insurance journalists …

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Royal Exchange Insurance Posts N10bn Premium for 2019

Royal Exchange General Insurance Company (REGIC), has declared a Gross Written Premium (GWP) of N10.58 billion for the financial year ended Dec. 31, 2019. The company’s Chairman, Alhaji Rabiu Gwarzo, made the declaration at the firm’s 12th Annual General Meeting held virtually in Lagos. Gwarzo explained that the financial results …

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In 2019, Nigerian Insurers Collected $1.3billion in Premium

Insurance companies in Nigeria collected USD$1.3billion (NGN490bn) in 2019 as premium for the various businesses, representing 15.55% increase from the previous year According to the Nigerian Insurers Association (NIA) chairman, Tope Smart, despite enormous challenges, the industry had continued to perform its role, reported Pulse Nigeria. “It is expected, because of …

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