The National Insurance Commission (NAICOM) has informed the industry that new corporate governance rules regulating the Nigerian insurance market will come into effect on 1 June 2021.
The objective of the new guidelines is to improve the administration, supervision, and control of insurance activities.
Nigerian insurers [4] are required to abide by the new rules and comply with the industry's best practices.
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[3] https://www.atlas-mag.net/en/issue/insurers-facing-the-giants-of-the-net
[4] https://www.atlas-mag.net/en/article/top-5-nigerian-insurers-according-to-turnover-in-2019