• Contact Us
  • About
  • Advertise
  • Privacy & Policy
Friday, December 1, 2023
  • Login
Business Post
E3P Motor Insurance
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
No Result
View All Result
Business Post
No Result
View All Result
Home News

NAICOM Makes Due Diligence On New Foreign Professionals Non-Negotiable

Nwanne Ikemefune by Nwanne Ikemefune
January 31, 2021
in News
0 0
0
0
SHARES
54
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

The National Insurance Commission has scrapped the undocumented entry of foreign professionals into key positions in the insurance market.

The prevailing rule demanded in a recent circular, would ensure a seamless fit and proper’s due diligence test for foreigners “interested in occupying key positions in any insurance institution in Nigeria,” and do not have a bank account in Nigeria.

The due diligence demanded by the Commission, apply to regulated and non-regulated entities, and the method of filing information from professionals home country differs.

The fit and proper person’s test from regulated entity, specifies the due diligence be sent directly to the Commission from the person’s home country regulator.

However, when such person is from a non-regulated entity, a report of fit and proper person’s due diligence test shall be sent directly to the Commission from the person’s Home Country Office or Country Office of Permanent Residence.

NAICOM therefore, directed insurance operators to ensure compliance with the new requirement.

Previous Post

Transfer Window: PenCom Targets Year End, Prepares Operators

Next Post

259 Lagos Retirees Receive Over N1b In July

Nwanne Ikemefune

Nwanne Ikemefune

Related Posts

Sovereign Trust Insurance Plc Clears The Ground For 2024 Performance
News

Sovereign Trust Insurance Plc Clears The Ground For 2024 Performance

November 11, 2023
Top Insurers, High Calibre Insurance Consumer, Others  Rewarded For Excellence
News

Top Insurers, High Calibre Insurance Consumer, Others Rewarded For Excellence

November 7, 2023
Insurance House Committee Ramps Up Support For Insurance Legislation
News

Insurance House Committee Ramps Up Support For Insurance Legislation

November 1, 2023
Next Post
259 Lagos Retirees Receive Over N1b In July

259 Lagos Retirees Receive Over N1b In July

Please login to join discussion
NEM INSURANCE NEM INSURANCE NEM INSURANCE
  • Trending
  • Comments
  • Latest
ILAN Picture

Loss Adjusters Receive Charge To Match Speed Of New Developments

September 23, 2023
Custodian Investment To Acquire 51% Stake In UACN Property

Penetration: Operators Call For Insurance-In-Action

November 2, 2022
tope smart NIA former chairman

Insurance Milestone: A Beacon To Follow

April 3, 2022
NCRIB And Universal In Pictures

NCRIB And Universal In Pictures

June 7, 2023
Reinsurance Rates May Increase Into 2022, But Momentum To Wane: Fitch

Reinsurance Rates May Increase Into 2022, But Momentum To Wane: Fitch

April 13, 2021
Linkage Assurance Aligns With Brokers For Growth

Linkage Assurance Aligns With Brokers For Growth

December 6, 2021
ncrib logo

NCRIB Sets The Stage For Adaramola’s Tenure

June 7, 2023
Preferred PenCom Logo

PenCom Board Crafted To Hedge Setback

February 1, 2021
PTAD Wipes 21,227 Parastatals Pensioners From Payroll

PTAD Wipes 21,227 Parastatals Pensioners From Payroll

January 31, 2021
PenCom Approves Mrs Okwuosa New Access Pension Fund Custodian MD

PenCom Board Back-To-Work Pass, Gets Tick Over

February 1, 2021
ILAN Picture

Loss Adjusters Receive Charge To Match Speed Of New Developments

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

Federal Government & NAICOM Working On New Guidelines For Insuring Government Assets

2
Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Inaugurates Discount Rate Committee To Ease Insurance Contracts Under IFRS 17

2
Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

2
Regulators Clear Guinea Insurance  For Private Placement

Regulators Clear Guinea Insurance For Private Placement

2
Insurance Mastercard Joe Irukwu Passes On

Insurance Mastercard Joe Irukwu Passes On

2
AIICO Head office

Car Insurance Takes A New Turn With AIICO, ETAP ‘Redefine Partnership’

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

2
AIICO Seeks NSE’s Nod To Conduct  Rights Issue

AIICO Seeks NSE’s Nod To Conduct Rights Issue

0
NAICOM Head office

Insurers Market Makes Home Stretch For N1tr Mark Gross Premium

December 1, 2023
Coronation Insurance Doubles Down That Insurance Is Key To Business Success

Coronation Insurance Doubles Down That Insurance Is Key To Business Success

December 1, 2023
Debt-Distressed Countries More Likely To Turn To Riskier Bailout Options – WTW

Debt-Distressed Countries More Likely To Turn To Riskier Bailout Options – WTW

December 1, 2023
logo of the chartered insurance institute of nigeria CIIN logo

CIIN Sets The Stage For April 2024 Professional Examinations, Opens Registration

December 1, 2023
VIEW: On Corporate Governance As An Organisation’s ‘Guiding Star’

VIEW: On Corporate Governance As An Organisation’s ‘Guiding Star’

November 21, 2023
Global Trade Credit Premium Volume Reaches USD 13.89 bn

Global Trade Credit Premium Volume Reaches USD 13.89 bn

November 17, 2023
NAICOM Upturns Compulsory Insurance For Federal And State Governments

NAICOM Upturns Compulsory Insurance For Federal And State Governments

November 18, 2023
Basic Knowledge of Health Insurance Transforms Lives, Deflates Dependency And Debt – Coronation Life

Basic Knowledge of Health Insurance Transforms Lives, Deflates Dependency And Debt – Coronation Life

November 15, 2023
Coronation Life Xray’s Critical Illness Insurance, Clears Affordability Doubt

Coronation Life Xray’s Critical Illness Insurance, Clears Affordability Doubt

November 15, 2023
Outstanding Claims Publication, NIA Portal Route Supersedes, Media Outlets Follow

Outstanding Claims Publication, NIA Portal Route Supersedes, Media Outlets Follow

November 13, 2023
ADVERTISEMENT

Recent News

NAICOM Head office

Insurers Market Makes Home Stretch For N1tr Mark Gross Premium

December 1, 2023
Coronation Insurance Doubles Down That Insurance Is Key To Business Success

Coronation Insurance Doubles Down That Insurance Is Key To Business Success

December 1, 2023
Debt-Distressed Countries More Likely To Turn To Riskier Bailout Options – WTW

Debt-Distressed Countries More Likely To Turn To Riskier Bailout Options – WTW

December 1, 2023
logo of the chartered insurance institute of nigeria CIIN logo

CIIN Sets The Stage For April 2024 Professional Examinations, Opens Registration

December 1, 2023
VIEW: On Corporate Governance As An Organisation’s ‘Guiding Star’

VIEW: On Corporate Governance As An Organisation’s ‘Guiding Star’

November 21, 2023
Global Trade Credit Premium Volume Reaches USD 13.89 bn

Global Trade Credit Premium Volume Reaches USD 13.89 bn

November 17, 2023
NAICOM Upturns Compulsory Insurance For Federal And State Governments

NAICOM Upturns Compulsory Insurance For Federal And State Governments

November 18, 2023
Basic Knowledge of Health Insurance Transforms Lives, Deflates Dependency And Debt – Coronation Life

Basic Knowledge of Health Insurance Transforms Lives, Deflates Dependency And Debt – Coronation Life

November 15, 2023
Coronation Life Xray’s Critical Illness Insurance, Clears Affordability Doubt

Coronation Life Xray’s Critical Illness Insurance, Clears Affordability Doubt

November 15, 2023
Outstanding Claims Publication, NIA Portal Route Supersedes, Media Outlets Follow

Outstanding Claims Publication, NIA Portal Route Supersedes, Media Outlets Follow

November 13, 2023
Sovereign Trust Insurance Plc Clears The Ground For 2024 Performance

Sovereign Trust Insurance Plc Clears The Ground For 2024 Performance

November 11, 2023
Heirs General Insurance Rewards Motor Insurance Holders With Additional  N100,000 Fuel Vouchers Subsidy Promo

Heirs General Insurance Rewards Motor Insurance Holders With Additional N100,000 Fuel Vouchers Subsidy Promo

November 9, 2023
Coronation Life Relieves Nigerians With All To Know About Critical Illness Insurance

Coronation Life Relieves Nigerians With All To Know About Critical Illness Insurance

November 9, 2023
Elumelu, NAICOM Find Common Ground For Less Regulatory Involvement

Elumelu, NAICOM Find Common Ground For Less Regulatory Involvement

November 9, 2023
NEM Insurance NEM Insurance NEM Insurance
Business Post

We connect brands with buyers and sellers of insurance, pension and also project insurance and allied Businesses to the trending generation. We help the various public to adapt to the constant changes as it would impact, and also enable advertisers to connect, engage and target opportunities on line , in print and in person.

Browse by Category

  • Business Unlimited
  • Feature
  • Insurance
  • News
  • OIL & ENERGY
  • Pension
  • Travel

Recent News

NAICOM Head office

Insurers Market Makes Home Stretch For N1tr Mark Gross Premium

December 1, 2023
Coronation Insurance Doubles Down That Insurance Is Key To Business Success

Coronation Insurance Doubles Down That Insurance Is Key To Business Success

December 1, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 BusinessPost

No Result
View All Result
  • Home
  • Insurance
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Contact Us
  • About
  • Advertise
  • Privacy & Policy

© 2023 BusinessPost

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In