ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, September 18, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NAICOM Declares Zero Tolerance For Non-settlement Of Insurance Claims

by Mark Itsibor
7 months ago
in Business
naicom
Share on WhatsAppShare on FacebookShare on XTelegram

…As FRSC moves to stop fake third-party certificate

Advertisement

The National Insurance Commission (NAICOM) has said it will have zero tolerance for any insurance company that fails to pay policy claims to any of its policyholders. This was

The Commissioner for Insurance, Olusegun Omosehin made the declaration during a joint press conference with the Federal Road Safety Corps (FRSC) in Abuja on Thursday.

The commissioner said both the FRSC and all Nigerians should be free to report any issue of irregularity or poor treatment by any insurance company, promising that the commission will treat any report from anywhere.

This was as the FRSC asked the insurance commission to develop a code or technology-based system for easy verification of insurance certificates with a focus on curbing fake certificates in the country. “The issue of fake insurance certificates has to be dealt with. Devise a way to authenticate or verify an insurance certificate,” RFSC’s GCF in charge of training said at the conference, adding that fake insurance certificates are affecting the integrity of the insurance industry.

Related News

Government Spends N330bn On Social Safety Nets In 9 Months

6 hours ago

Stock Market Lifted By N309bn In Single Day Trading

6 hours ago

Omosehin said his commission was getting ready to commence electronic settlement of claims to guarantee public confidence in the country.

He said the commission has established a complaints bureau for the report and processing of complaints from the public. He said the reports would be attended to within 24 hours of the complaints.

Omosehin said the bill for increment of insurance capital currently before the National Assembly is part of efforts to ensure that operators in the industry are those that have the capacity and sound enough to handle claims.

Both agencies pledged their commitment to activate an electronic system for easy verification of third-party insurance certificates of motorists across the country.

“NAICOM is here for any area of claims payment. If there are incidents of comains, we will address them, the commissioner for insurance stated.

In like manner, the FRSC Corps Marshal Shehu Mohammed said the Corps is ready to partner anybody, especially NAICOM for the reduction of road accidents. “We are 100 percent ready to implement the third-party insurance,” the corps marshal stated.

 

 

Join Our WhatsApp Channel

Tags: National Insurance Commission (NAICOM)
SendShare10170Tweet6356Share

Other News Updates

Business

Government Spends N330bn On Social Safety Nets In 9 Months

2025/09/18
Business

Stock Market Lifted By N309bn In Single Day Trading

2025/09/18
Business

RMAFC Advocates Diversification For Economic Growth

2025/09/18
Business

Expert Champions Ethical Procurement, Sustainable Growth

2025/09/18
Business

Stakeholders Seek Stronger Protection For N24.6trn Pension, N3.3trn Insurance Assets

2025/09/18
Business

PalmPay Records 35m Customers As Users Win Smartphones

2025/09/18
Leadership Conference advertisement

LATEST

‘Seyi Tinubu Can Challenge His Father In Next Election’, Says Presidential Aide Bwala

Ohanaeze Demands Immediate Release Of Kanu, Advocates Political Solution

Remi Tinubu Mourns Victims Of Lagos Afriland Fire

‘I‘ll Not Borrow To Finance Projects In Kaduna’, Says Governor Sani

FIFA World Rankings: Super Eagles Slip To 45th On Global Index, Remain 6th In Africa

Afriland Towers Fire: FFS Commiserates With Victims, Launches Task Force On Building Safety

Spain Reclaims Top Spot In FIFA World Rankings, Dethrones Argentina

Kano Tops 2025 NECO Exam Results As Education Reforms Pay Off

2027: Youths Task Bagudu On Tinubu’s Reelection, Emergence Of New Candidate For Kebbi Central

JUST-IN: Rivers Administrator Ibas Bows Out, Hands Over To Governor Fubara

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.