Recapitalisation: 15 insurers verified, 9 still under review

AI Summary

The insurance sector in Nigeria is undergoing a recapitalisation exercise, with 15 out of 24 firms having successfully verified their capital so far. The National Insurance Commission (NAICOM) oversees this crucial process aimed at strengthening the industry's stability and compliance.

As the insurance sector recapitalisation exercise gathers momentum, about 15 firms have so far successfully undergone capital verification out of the 24 firms approved by the National Insurance Commission (NAICOM). The post Recapitalisation: 15 insurers verified, 9 still under review appeared first on Vanguard News.