Court extends restraining order against NAICOM, receiver in Universal Insurance case
A Federal High Court in Lagos has extended the restraining order previously granted against the National Insurance Commission (NAICOM) and the receiver appointed over Universal Insurance Plc, pending the hearing of the company’s suit challenging the revocation of its operating licence. The post Court extends restraining order against NAICOM, receiver in Universal Insurance case appeared first on…
The National Insurance Commission (NAICOM) has introduced a five-year industry-wide initiative aimed at dramatically increasing insurance penetration in Nigeria from its current 0.5% of Gross Domestic Product (GDP) to 10% by 2031. The ambitious target is outlined in the Insurance Sector Strengthening Programme (ISSP), a collaborative effort launched by NAICOM in partnership with stakeholders in the insurance sector.
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