The National Insurance Commission

The National Insurance Commission, NAICOM was set up by decree no 1 of 1997 with a mandate to ensure the effective administration, supervision, regulation and control of insurance business in Nigeria. The decree replaced an earlier Decree no 62 of 1992 that established the National Insurance Supervisory Board, NISB.

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(MDRI)MARKET DEVELOPMENT AND RESTRUCTURING INITIATIVE

The Commission embarked on some measures to uplift the face of Insurance in Nigeria under a project tagged “Nigeria Insurance Market Development and Restructuring Initiatives” (MDRI).  The strategy crafting stage was concluded by 31st July, 2009 while Implementation is starting immediately to end Dec 2010.

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APPROVED AND PUBLISHED ACCOUNTS

CFI Presentations


ANNUAL INSURANCE PROFESSIONALS FORUM (MS Word)

NAICOM MANAGEMENT RETREAT AT ILORIN (MS Word)

MIGRATION TO RISK-BASED SUPERVISION: Prospects & Challenges (MS Word)

2010 AIO ANNUAL SEMINAR ON LIFE INSURANCE(MS Word)

 

Downloads

ANTI-MONEY LAUNDERING JOB FOR THE INSURANCE INDUSTRY(pdf)

CONSOLIDATED GENERAL INSURANCE BUSINESS PROFILE 2007(pdf)

PREMIUM/CLAIM FOR FIRE INSURANCE BUSINESS 2007(pdf)

NAICOM Act 1997(pdf)

COMPLAINTS / APPLICATION / RENEWAL FOR AGENTS & LOSS ADJUSTERS Forms 

GUIDELINES FOR OIL AND GAS INSURANCE BUSINESS IN NIGERIA(pdf)

OPERATIONAL GUIDELINES 2011 (INTERMEDIATE) (pdf)

 

 

Other Links

 FSRCC Memebers                                                    Insurance Industry Associations

1. www.cbn.gov.ng                                                      1. www.nigeriainsurers.com    
2. www.sec.gov.ng                                                      2. www.ciinigeria.com                                                  
3. www.ndic.gov.ng                                                     3. www.ncrib.net                                                          
4. www.cac.gov.ng                                                      4.  www.nigeriailan.org  

5. www.fmf.gov.ng                                                        5. www.waii.org

6. www.pencom.gov.ng 

7. www.asce.gov.ng

                                

 

Polls

Insurance is very necessary for a better Nigeria









Building Nigeria's Insurance IndustryBuilding Nigeria's Insurance Industry
Number of License Insurance Companies in Nigeria
Life 17
Non - Life 32
Composite 10
Re-Insurance 2
Insurance Contribution to the Nigeria Economy
Total Net Premium (N)97Bn
Total Gross Premium (N)156Bn
+Increase/ -Decrease TGP: (%)+32.7
GDP (%)0.72
Number of License Insurance Practitioners in Nigeria
Reinsurance 2
Brokers 706
Loss Adjusters 60
Agents 1668
News
NOTIFICATION OF OPENING OF TENDERS
NAICOM SUSPENDS THE MANAGEMENT OF INVESTMENT AND ALLIED ASSURANCE PLC
DRAFT FINANCIAL REPORTING FORMAT
GUIDANCE PAPER ON FINACIAL REPORTING PRATICES.
NAICOM arrests VIO officer, 6 illegal insurance operators---pledges to sanitize industry
REMARKS BY FOLA DANIEL, CFI. NAICOM ON COMMISSIONING OF ITS CORPORATE HEAD OFFICE BUILDING ON THURSDAY, SEPTEMBER 22, 2011