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 mid-2000s consolidation exercise. The National Insurance Commission […]

Go to News Site