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NAICOM Sets July 2026 Deadline For New Insurance Capital Requirements

The National Insurance Commission (NAICOM) has granted insurers and reinsurers a 12-month window to meet the new Minimum Capital Requirements (MCR) introduced under the Nigeria Insurance Industry Reform Act (NIIRA) 2025. According to a circular issued by the Commission, all operators must comply with the revised MCR and applicable Risk-Based Capital (RBC) framework on or […]


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