National Insurance Commission (NAICOM)

The National Insurance Commission was established by the National Insurance Commission Act No 1 of 1997 to ensure the effective administration, supervision and regulation of insurance business in Nigeria as well as regulate transactions between insurers and reinsurers within and outside Nigeria. It is charged with inspectorate powers by establishing the standards for the conduct of insurance business in Nigeria. It approves rates for premiums and commissions in the insurance industry and protects policy holders and other beneficiaries of insurance contracts. It protects government assets and advises the Federal Government on insurance issues. It also contributes to insurance education programmes of the Chartered Insurance Institute of Nigeria and the West African Insurance Institute.

Subsector: 
Locations
Locations: 
Plot 1239, Ladoke Akintola Boulevard, Garki II, Abuja. +234 92 915 101
C1 Presidential Road, P.O. BOX 2304, Enugu, Enugu State. +234 42 740 6590
37, Murtala Muhammad Way, Opposite Daula Hotel Kano, Kano State. +234 064 667 283
Business Details
Type of Business: 
Insurance regulation
Category: 
Large Corporate
Contact Details
Address: 
Alagbon, Ikoyi Road, PMB 80144, Victoria Island, Lagos State.
Telephone: 
+234 1 740 6590
+234 1 951 5654
+234 1 213 3189
E-mail: 
info@naicom.gov.ng
Website: 
www.naicom.gov.ng
Areas of Work
Opportunities : 
Internships
Entry Level
Experienced Hire
Subject Area: 
Finance

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