NAICOM – History and Overview The National Insurance Commission, NAICOM regulates the practice and operations of Insurance in Nigeria. The Act of 1997 ensures the overall administration and supervision of the insurance business in Nigeria It is only customary that for every professional field, there is an established body that regulates its practice. For instance, […]
General Insurance
List of Insurance Companies on The Nigerian Stock Exchange
The Nigerian Stock Exchange [NSE] is the state’s financial body saddled with the responsibility of regulating stock trading and cash flow. The Securities Exchange Commission regulates the NSE. Since it began formal operations in 1961, The Nigerian Stock Exchange has since contributed to the growth of Nigeria’s economy through securities and stock trade. Here, we […]
Is Disability Insurance A Good Idea?
No, not yet. You might reconsider closing the tab. Disability Insurance may not be what you think it is. Disability Insurance? What in the world of Insurance does that even mean? At first glance, one would imagine this is associated with insurance that caters to the underprivileged and ‘notoriously’ handicapped. We would be glad to […]
All You Need To Know About Cyber Insurance
Cyber insurance is a relatively new form of insurance as opposed to its Life and Health variants. Other novel types could include Engineering Insurance and Device Insurance. With the alarming rate of cyber attacks and threats, cyber insurance is becoming more prominent as a measure to cover the loss and damages of cyber intrusions. The […]
10 Reasons Why You Need An Insurance Policy
Why do I need to buy an Insurance policy? What is the reason people buy insurance policies? What are the benefits of Insurance policies in Nigeria? Truth is that many people conveniently ignore the ramifications of that it would mean if suddenly for some reason or the other, we were to die and leave loved […]
Insurance Meaning, Types, and Terms You Must Know
What is Insurance? The term insurance is pretty straightforward. It is a contract that provides protection to an entity against a loss. This protection, therefore, guarantees reimbursement from an insurance company. Protecting yourself is not uncommon. However, it becomes sacred when the law is involved. There is a legal agreement that covers two parties. That […]