• Privacy Policy
  • Terms
  • About us
  • Contact Us
Sunday, May 15, 2022
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy

NAICOM begins annual ranking of insurance companies

Insurance

The Matters Press by The Matters Press
March 13, 2022
Reading Time: 1 min read
0
CIIN president tasks Insurance directors on manpower development

The National Insurance Commission (NAICOM) says it will commence the ranking and rating of insurance companies in line with the number of claims received and settled on annual basis.

RELATED POSTS

Osinbajo advocates African plan on energy transition

Buhari’s war against money laundering, financial crimes peaks

Stakeholders seek political will to revive textile sector

The Commissioner for Insurance, Mr Sunday Thomas, said this at the 2022 retreat for financial correspondents in Uyo on Saturday.

Thomas said the Commission would also publish such ranking for the insurance consumers.

He said that although claims payment was an issue in the industry, the Commission he added was doing all it could to bring non-settlement of claims was brought to its barest minimum.

ALSO READ  Allianz Insurance launches funeral cover, says not leaving Nigeria

According to him, the Commission is trying to open up the market across the geo-political zones by reaching out to the states where insurance penetration is perceived to be very low.

”We expect the industry to respond to these efforts by bridging the supply gap and ensure they follow up on the Commission’s move to create awareness among high ranking policy makers.

”This is to prove that the industry is ready for the booming opportunities awaiting them across the country.

”Let me inform you that the Commission will soon be unveiling its sandbox to give room for innovative expansion of insurance reach out.

ALSO READ  AIICO Insurance pays N47.3bn claims

”The web aggregators’ guideline is also aimed at opening access to insurance and also a means of creating a convenient market for insurance.

”We can gladly say that the Nigerian Insurance market has undergone substantial structural and regulatory reforms over the years following the market development initiatives being implemented,” he said.

Thomas added that the theme of the retreat Improving Insurance Access through Market Development and Innovation in 2022 and Beyond,’ was to consolidate on his administration’s agenda of developing the market and deepening penetration.

Tags: Insurance
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria emerges Africa biggest energy sector
Economy

Osinbajo advocates African plan on energy transition

May 13, 2022
Nigeria gets petroleum law to edge out 50 years archaic laws
News

Buhari’s war against money laundering, financial crimes peaks

May 13, 2022
25 textile clusters get a boost through SMEDAN
Economy

Stakeholders seek political will to revive textile sector

May 12, 2022
Nigeria floats $4bn Eurobonds
Economy

DMO lists N225bn FGN bond for subscription by auction

May 12, 2022
Price of bread to be reviewed upwards again
Economy

Cost of bread beyond reach of many Africans – AfDB

May 12, 2022
Buhari meets with governors of APC
News

Buhari gives resignation deadline to political office holders seeking to contest elections

May 11, 2022
Next Post
Power line to energise part of Oyo

Nigeria commits to attracting more investors in power sector

800 firms compete to manage gas flare sites

Russia-Ukraine: LCCI tasks FG on gas supply infrastructure

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Twitter resumes operations in Nigeria seven months after suspension

Twitter adds Flutterwave, Paga as payment providers to Tips in Nigeria

February 16, 2022
Obasanjo campaigns for AfCFTA

OBJ hits Clark, clarify position on ownership of oil and scorn tribalism

December 30, 2021
Economist gives 2019 presidency to Buhari

Post-Coronavirus, Africa’s Manufacturing Moment

May 29, 2020

Popular Stories

  • 79 candidates for presidential election

    INEC wants to make you rich, bid for new jobs

    0 shares
    Share 0 Tweet 0
  • Universities approved to operate distance learning centres

    0 shares
    Share 0 Tweet 0
  • IMF’s reasons for Nigeria’s economic recovery

    0 shares
    Share 0 Tweet 0
  • Missing fighter jet found dead

    0 shares
    Share 0 Tweet 0
  • PawaPlus launches app to make access to electricity easy

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Osinbajo advocates African plan on energy transition
  • Buhari’s war against money laundering, financial crimes peaks
  • Stakeholders seek political will to revive textile sector

Categories

  • Agriculture
  • Business
  • Culture
  • Economy
  • Economy
  • Entertainment
  • Features
  • Finance, Money
  • Foreign
  • Health
  • Lifestyle
  • Multimedia
  • News
  • Oil, Gas
  • Opinion
  • Photo
  • Politics
  • Politics/Social
  • Religion
  • Security
  • Special News
  • Sports
  • Tech
  • Thematterspress
  • Trade, Industry, Technology
  • Travel
  • Uncategorized
  • Video
  • World

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?