NAICOM’s CEO, Olusegun Omosehin, said the regulator would align the industry with the president’s goal of growing the Nigerian economy to $1 trillion by 2030.
The National Insurance Commission (NAICOM) has directed the Board of African Alliance Insurance Plc to settle their customers’ outstanding claims.
The president urged policyholders, the public interest and improving trust and confidence in the sector.
Mr Egbetokun said the force arrested 3,685 suspects over various criminal offences, rescued 401 kidnapped victims and recovered 216 firearms and 3,601 ammunition.
NAICOM says the life insurance business recorded about 95 per cent net claims of the total claims in the fourth quarter of 2023.
Mr Okwor was NAICOM’s commissioner for insurance from 1992 to 1996.
Mr Yuguda said that the NIBSS would be responsible for hosting and disseminating a comprehensive e-dividend form.
INSCAN has called on NAICOM to reverse its directive on increasing third-party motor insurance premiums in Nigeria.
The insurance giant said it would continue improving its performance in the upcoming financial years.
