NAICOM restates commitment to sanitize industry

The National Insurance Commission (NAICOM) has expressed worry over the disturbing issues of claims default to policyholders.

The insurance regulator had in June this year canceled the licences of Niger Insurance Plc and Standard Alliance Insurance Plc over inability to carry out their primary responsibility of claims payment and other irregularities.

Deputy Commissioner for Insurance, Alhaji Sabiu Abubakar recently affirmed that there is possibility that they would cancel some companies’ licensces that majorly defaulting in claims payment.

Source: NAICOM restates commitment to sanitize industry – StocksWatch (stocksng.com)

Your Comment:

Related Posts

28

Nov
Business & Economy

Stock Market Review: November 28, 2022

The stock market last week closed on a positive note with 6.88% growth, week on week. In a stock market review with the MD/CEO of Global View Capital Limited, Aruna Kebira, the capital market guru explained the factors behind the current positive vibration in the market. Excerpts: The stock market last week closed on a bullish note […]

28

Nov
Business & Economy

Why you should pitch your tent with fundamentally sound stocks

Opportunities in stocks with uptrend potentials The Nigerian stock market last week closed on a bullish note with 6.88% growth, week on week. This is occasioned by renewed buy interest in equities by smart investors. Year to date, the market has returned 11.33% with All Share Index and Market Capitalisation at 47,554.34 points and N25.902 trillion respectively.[…]