The outgoing Chairman, Nigeria Insurers Association, Mr. Tope Smart, in this interview speaks about the relevance of technology in service delivery in the insurance sector, the challenges facing the sector, as well on other issues. You have been piloting the affairs of the Nigeria Insurers Association (NIA) in the past two years, what are the
An insurance company WAPIC Insurance Plc has submitted an application to raise about N5.932 billion from existing shareholders through a right issue. The fresh capital was expected to enable WAPIC Insurance to comply with the new capital requirements stipulated by the National Insurance Commission (NAICOM). In a report, to market operators recently, the Nigerian Stock
The insurance sector regulator, the National Insurance Commission (NAICOM), announced recently a major increase in the minimum paid-up share capital of insurance and reinsurance firms. According to the new capital regime stated, life insurance underwriting firms, which currently have a minimum paid up share capital of N2 billion, will compulsorily shore up their capital to
