The National Insurance Commission has raised the premium for third-party motor insurance premium from N5,000 to N15,000 effective January 1, 2023. The commission disclosed this in a circular with ...

We hereby write with respect to your Circular No.: NAICOM /DPR/CIR.46/2022 dated 22nd December 2022, incensing the Third Party Motor Insurance Premium in Nigeria by 200-400% for different ...

The approval is contained in a circular: NAICOM/DPR/CIR/46/2022 addressed to insurance companies and dated Dec. 22, 2022. It was titled: New Premium Rate for Motor Insurance and signed by the ...

The National Insurance Commission (NAICOM) has raised Third Party ... the Commission hereby issues this circular on the new motor insurance premium rates effective from Jan. 1, 2023,’’ it ...

“Furthermore, according to the aforementioned circular, you alluded to the fact that you are empowered to approve the new rates for motor insurance premiums by Section 7 of the NAICOM Act 1997 ...

The insurance industry now has a uniform premium rate for all compulsory classes of insurance products. The Commissioner for Insurance, Mohammed Kari, made this known yesterday. through a ...

The National Insurance Com­mission (NAICOM), has warned the insuring pub ... accosting the unsuspecting public with fake third party motor insur­ance policies as a licensed operators or ...

NAICOM has significantly strengthened the enforcement of compulsory insurances, including motor third-party insurance, insurance of public buildings, and group life insurance,” Omosehin explained.

The National Insurance Commission (NAICOM) is set to commence the enforcement ... and let the SGF know how to issue service wide circular for MDAs’ compliance. Send us the circular capturing ...

The Federal High Court, Abuja, on Thursday, ordered the National Insurance Commission (NAICOM) to appear before it over alleged planned recapitalisation of insurance and reinsurance companies in ...

Worried by the impact of the current economic crisis on the balance sheet of insurance companies, the National Insurance Commission on Monday unveiled plans to carry out a verification exercise of ...