NAICOM unveils Policyholders Protection Fund, mandates contributions

•Orders insurers to contribute 0.25% of net premium income  By Rosemary Iwunze  The National Insurance Commission (NAICOM) has unveiled the Insurance Policyholders’ Protection Fund (IPPF), mandating all insurance and reinsurance companies to contribute to the scheme as part of efforts to safeguard policyholders and strengthen industry stability. Under the new directive, insurers are required to remit […] The post NAICOM unveils Policyholders Protection Fund, mandates contributions appeared fi...

By Urowayino Jeremiah