Tag: #NAICOM
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NIA COMMENDS NAICOM’S TRANSPARENCY IN RECAPITALISATION, BACKS INDUSTRY REFORMS
The Nigerian Insurers Association (NIA) has praised the National Insurance Commission (NAICOM) for the transparent and structured implementation of the insurance industry’s recapitalisation exercise. NIA Chairman, Mrs Ebelechukwu Nwachukwu, said the process, conducted under the Nigerian Insurance Industry Reform Act (NIIRA) 2025, provided operators with clear guidelines, defined timelines and rigorous regulatory oversight. Nwachukwu described…
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EBELECHUKWU NWACHUKWU MAKES HISTORY AS FIRST FEMALE CHAIRPERSON OF NIGERIAN INSURERS ASSOCIATION
Mrs. Ebelechukwu Nwachukwu has made history as the first woman to lead the Nigerian Insurers Association (NIA), following her inauguration as the association’s 27th Chairperson, 55 years after its establishment. Assuming office at an investiture ceremony in Lagos, the Managing Director of Rex Insurance pledged to drive reforms aimed at increasing public confidence and expanding…
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INSURANCE CASH SURGE: SECTOR RAKES IN ₦2.3BN AS OIL & GAS TAKES THE LEAD
Nigeria’s insurance industry just had a solid quarter—think of it as a financial “rainy day fund” that actually saw sunshine, pulling in billions while oil & gas and fire cover stole the spotlight. The Nigerian insurance sector recorded a strong performance in Q4 2025, with gross premium hitting ₦2.301 billion, according to the National Insurance…
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NIIRA 2025 TO TRANSFORM NIGERIAN INSURANCE, SAYS NSIA CEO
New Insurance Reform Act set to boost trust, efficiency, and investment in Nigeria’s insurance sector. Moruf Apampa, CEO of NSIA Insurance, hails the Nigerian Insurance Industry Reform Act (NIIRA 2025) as a game-changer that strengthens consumer protection with a Policyholder Protection Fund and enforces timely claims settlement. The law aims to attract investments and drive…
