NAICOM and PenCom

NAICOM and PenCom Guidelines on Retiree Life Annuity and Employee Group Life Insurance Policy

On the 1st of September 2020, the National Pension Commission (PenCom), in partnership with the National Insurance Commission (NAICOM) (jointly, the Regulators), issued the following guidelines and regulations applicable to the pension and...
NAICOM

NAICOM Issues Circular on Segmentation of Minimum Paid up Share Capital Requirement

Following circulars released in May and December of 2019, introducing new capital requirements for insurance companies in Nigerian and extending the deadline for recapitalization, the National Insurance Commission (NAICOM) on 3 June...
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COVID-19: Impact on the Insurance Industry

With over two million confirmed cases, COVID-19 is no doubt the biggest challenge facing humanity today and it continues to transform the way we live and do business. Beyond the health crisis,...
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COVID-19: Health Insurance and Life Cover for Frontline Health Workers

As the COVID-19 pandemic ravages the world, governments, healthcare institutions, private companies and individuals globally are responding with all available resources. We have seen significant sums of money and relief materials donated...