NAICOM Bars Insurers with Outstanding Claims from Relicensing

The National Insurance Commission (NAICOM) announced that insurance companies with outstanding claims will not be relicensed as part of the ongoing recapitalization efforts. This directive aims to ensure that only financially stable and responsible insurers continue to operate in the market.

7 Jul, 05:36 — 7 Jul, 05:36

Post Share

Sources

Showing 1 of 1 sources

vanguard-ngMixed26d ago

Recapitalisation: Companies with outstanding claims will not be relicensed — NAICOM

By Rosemary Iwunze As the insurance recapitalisation deadline of July 31st 2026 draws near, the National Insurance Commission, NAICOM, has stated that it will not re-license any company with outstanding claims. In a letter to all Managing Director/CEOs of insurance companies, issued yesterday, titled: “Regulatory Directive – Settlement of Discharged Claims as A Precondition for Re-Licensing […] The post Recapitalisation: Companies with outstanding claims will not be relicensed — NAICOM appea...

By Urowayino Jeremiah

Read full article →

PERSPECTA

PERSPECTA

NAICOM Bars Insurers with Outstanding Claims from Relicensing

Sources

Recapitalisation: Companies with outstanding claims will not be relicensed — NAICOM

Related Stories

LG pulls back on monitor software ads after Windows Update controversy

Dedovic Handanovic: Production in Djerdap is the smallest in history, appeal to citizens to rationally consume electricity

South Coast Railway responds to viral Vande Bharat Sleeper proposal

Bordeaux Wine Industry Faces Crisis Amid Changing Tastes and Climate Challenges

PERSPECTA