NAICOM News
Latest articles and news about NAICOM on AXL Media.
Latest Articles
- NAICOM Vows to Prevent Corporate Failures Amidst July 2026 Insurance Recapitalization Deadline
Published: May 1, 2026
Section: Africa
The National Insurance Commission has declared that no licensed insurance firm will be allowed to collapse during the current industry wide recapitalization drive. Speaking in Lago...
- NAICOM And UNDP Partner To Scale Climate Resilience And Finalize National Catastrophic Insurance Scheme
Published: Apr 22, 2026
Section: Africa
The National Insurance Commission and the UNDP have strengthened their alliance to enhance climate risk resilience and insurance innovation in Nigeria. Commissioner Olusegun Ayo Om...
- Nigerian Insurers Prepare To Halt Coverage For Policyholders Failing To Link National Identification Numbers
Published: Apr 22, 2026
Section: Africa
With the April 30, 2026 deadline approaching, the National Insurance Commission (NAICOM) is enforcing a "No ID, No Cover" policy. All individual and corporate policyholders must li...
- Nigerian Insurance Sector Reports Record 47.3% Premium Growth to ₦2.3 Trillion Driven by Oil, Gas, and Annuity Funds
Published: Apr 14, 2026
Section: Africa
The Nigerian insurance industry achieved a significant milestone in 2025, with Gross Premium Written (GPW) surging to ₦2.301 trillion, a 47.3% year-on-year increase. Data from NAIC...
- Federal Government Strengthens Insurance Oversight to Drive Financial Inclusion and Market Stability
Published: Apr 7, 2026
Section: Africa
The National Insurance Commission has reaffirmed its commitment to deep seated reforms aimed at repositioning Nigeria’s insurance industry through stricter regulatory vigilance. Co...
- NAICOM mandates 3 billion Naira minimum capital for microinsurance firms under new reform act
Published: Apr 6, 2026
Section: Africa
The National Insurance Commission (NAICOM) is set to significantly upgrade the minimum capital requirement for microinsurance firms to a uniform 3 billion Naira. Contained within t...
- NAICOM Commissioner Urges Strategic Shift to Youth Inclusion and Simplified Communication Within Insurance and Pension Sectors
Published: Apr 3, 2026
Section: Africa
The National Insurance Commission is prioritizing the engagement of Nigeria’s youth population to drive industry growth and market penetration. Commissioner Olusegun Omosehin advoc...
- NAICOM Rules Out Recapitalization Extension, Citing Statutory Mandate Under 2025 Insurance Reform Act
Published: Mar 24, 2026
Section: Africa
The National Insurance Commission (NAICOM) has firmly dismissed the possibility of extending the July 30, 2026, recapitalization deadline. Commissioner for Insurance Olusegun Omose...
- Lasaco Assurance Plc Integrates ESG Principles into Core Corporate Strategy to Drive Sustainable Underwriting
Published: Mar 12, 2026
Section: Africa
Lasaco Assurance Plc has announced the formal embedding of Environmental, Social, and Governance (ESG) principles into its operational framework. The move aims to enhance long-term...