10 h. ago Valuation for insurance and the Nigerian Insurance Industry Reform Act (NIIRA) 2025

The Nigerian Insurance Industry Reform Act 2025 (NIIRA 2025) has established a modern regulatory framework for insurance practice in Nigeria. read more Valuation for insurance and the Nigerian Insurance Industry Reform Act (NIIRA) 2025

Politics

56 h. ago KBL Insurance rides on sector reform to drive compulsory insurance

KBL Insurance Limited is leveraging the Nigerian Insurance Industry Reform Act (NIIRA) 2025 to drive compulsory insurance across Nigerian homes read more KBL Insurance rides on sector reform to drive compulsory insurance

Politics

62 h. ago Guinea Insurance Premium Hits N2.94bn As Shareholders Approve Recapitalisation Plan

Guinea Insurance Plc shareholders have approved the company’s raising additional capital when necessary, in accordance with the Nigerian Insurance Industry Reform Act 2025 (NIIRA 2025). The shareholders, at the company’s 67th annual general meeting (AGM) held virtually, said this approval would give the insurer flexibility to strengthen its capital base, comply with upcoming regulatory benchmarks, […]

Politics

1 week ago NIIRA 2025 to strengthen insurance growth, boost public confidence —NCRIB President

Tribune Online NIIRA 2025 to strengthen insurance growth, boost public confidence —NCRIB President The President and Chairman of the Governing Board of the Nigerian Council of Registered Insurance Brokers (NCRIB), Prince Babatunde Oguntade, has highlighted the far-reaching benefits of the newly enacted Nigerian Insurance Industry Reform Act (NIIRA) 2025, describing it as a game-changer for the sector and the wider economy. Delivering a goodwill message at the 2nd […] NIIRA 2025 to strengthen insurance growth, boost public confidence —NCRIB President Tribune Online

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2 w. ago New Law Offers N2m Medical Compensation For Uninsured Accident Victims

The new insurance law has been introduced to help victims of road accidents involving uninsured vehicles. Under the Nigerian Insurance Industry Reform Act (NIIRA) 2025, anyone injured in an accident caused by a car without insurance can now receive up to N2 million in medical compensation. This law aims to ensure that accident victims are […]

Politics

4 w. ago 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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