Business Insurance

Login  |  Register Subscribe



cbVid =

Nigeria: Insurance commission's new rules pressure insurers

September 5, 2014 - 6:00am


An analysis covered by Nigerian daily BusinessDay‎ has shown that the National Insurance Commission's implementation of new solvency provisions is putting pressure on some of the country's insurers.

Under these provisions, insurers are required to maintain liquidity in excess of the value of admissible assets over liabilities at all times. BusinessDay also reported that this quarterly test would be conducted every month once NAICOM starts electronic-regulation.

Read more

 



Get our daily Global Focus newsletter
  •  



You may also want to visit

International Content