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Sefton Fross
The apex regulator of the insurance sector, National Insurance Commission ("NAICOM") in 2019 issued directives for the increase in the minimum paid-up share capital requirement for all
Fred-Young & Evans
Since there are many uncertainties in life, insurance provides financial support and reduce the burden of uncertainties in business and human life.
LeLaw Barristers & Solicitors
Recent developments, such as: the rise of insurance aggregators, disruptive technologies such as internet of things (IoTs) in business, improvement in Nigeria's ranking in World Bank's...
LeLaw Barristers & Solicitors
The Nigerian insurance regulator, National Insurance Commission (NAICOM)'s resolve to deepen insurance penetration in 2018 was evidenced by the introduction of various policies...
LeLaw Barristers & Solicitors
The context for the above statement by Nigeria's insurance regulator was subsequent to the litigation instituted by aggrieved shareholders of some insurance companies to stop NAICOM's...
PwC Nigeria
Reserves for unexpired risks will now be determined on a time-apportionment basis. This means that tax-deduction will only be available for reserves relating to the relevant year.
LeLaw Barristers & Solicitors
According to industry statistics, Nigeria's Insurance Penetration Rate (IPR) in 2013 was 0.39%, declining from 0.48% in 2010.
AO2 Law
NAICOM's power to administer, supervise, regulate and control the insurance industry is derived both from its establishment Act and the Insurance Act.
Banwo & Ighodalo
In exercise of its statutory powers and regulatory functions, the NAICOM, recently reviewed the minimum paid-up share capital requirement for all classes of insurers doing business in Nigeria.
Perchstone & Graeys
The story of Chief and Mrs. Brown underscores the importance of insurance in intergenerational wealth management.
Andersen Tax LP
The Insurance industry is a very important part of any economy as it generally acts as a shock absorber for businesses. Insurance is a key risk management tool which enables businesses hedge against the potential risk of a loss.
Deloitte Nigeria
The insurance industry is one of the specialised businesses having a peculiar business model and corresponding distinct tax considerations in Nigeria.
Deloitte Nigeria
The public notices are meant to serve as a reminder to the earlier issued guidelines for life insurance policy by PenCom.
PwC Nigeria
Some life assurance policies contain elements of savings or investment. Such policies often mature during the active lifetime of the policyholder or based on an agreed tenure.
Deloitte Nigeria
The Lagos State Internal Revenue Service (LIRS) has issued a public notice (the Notice) to clarify the treatment of savings element on insurance premium.
Deloitte Nigeria
The Deloitte Insurance Risk Management Survey was commissioned to understand the state of risk management practices in the Insurance industry in line with NAICOM guidelines.
Clyde & Co
The insurance market on the continent of Africa has changed and continues to change significantly – but it still has a long way to go.
Akinjide & Co
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