NAICOM Launches Policyholder Protection Fund, Threatens Licence Revocation For Non-Compliance

Nigeria’s insurance regulator has issued binding guidelines for a new industry-wide protection fund that will compel every licensed insurer and reinsurer in the country to make annual cash contributions or risk losing their operating licence — one of the most consequential consumer-protection interventions in the sector since the consolidation exercise of the mid-2000s. The National […]

Go to News Site