NAICOM

Navigating the Waters of Marine Insurance in Nigeria

Navigating the Waters of Marine Insurance in Nigeria

This article provides a comprehensive overview of marine insurance in Nigeria, covering its importance, types of policies, challenges, regulatory framework, and future prospects. It explores the current state of the industry, major players, market trends, and key considerations for insurers, stakeholders, and policymakers in navigating Nigeria’s marine insurance landscape.

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Chronicles Of Insurance Commissioners In Nigeria: Their Highs and Lows

The article delves into the rich history of Nigeria’s insurance sector, exploring the pivotal role of the National Insurance Commission (NAICOM) and its successive commissioners. From Chief Eugene Okwor’s pioneering efforts to Mr. Olusegun Ayo Omosehin’s vision for transformation, each leader’s tenure is scrutinized, highlighting triumphs, challenges, and the evolving landscape of insurance regulation in Nigeria.

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Toward Addressing The Immediate Challenges Of Regulation And Supervision Of Insurance Industry In Nigeria

The article sheds light on the dire situation at Nigeria’s National Insurance Commission (NAICOM), which has ceased regulatory activities since January 2024. It discusses the industry’s challenges, including inefficiency, funding issues, and political interference. Urgent solutions are proposed to prevent the collapse of the insurance sector.

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