NAICOM escalates capital base for insurance Firms by 200%

Posted by - May 21, 2019

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