Nigeria Breaking News
The National Insurance Commission, NAICOM, has published list of 1,582 cases of unsettled claims reported by different customers of insurance companies to the regulatory body. According to the information titled: “Complaints against Insurance Companies” published on NAICOM website, Industrial and General Insurance (IGI) got the highest complaints of 327, African Alliance Insurance got 282 while Standard Alliance …
Dr. Pius Apere, an Actuarial Scientist and Chartered Insurer, who is also Chairman/CEO, Achor Actuarial Services Limited, has warned that the directive by the National Insurance Commission, NAICOM, that all life insurance companies must have, at least, one qualified actuary will exacerbate the shortage of actuaries in the country. A recent circular from NAICOM on annuity underwriting effective …