• About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, June 25, 2025
Bislad News
  • Login
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports
No Result
View All Result
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports
No Result
View All Result
Bislad News
No Result
View All Result

NAICOM Issues Operating Licence To CHI Life Assurance

by Bisi Bamishe
March 10, 2025
in Insurance
NAICOM Issues Operating Licence To CHI Life Assurance
Share this:

By Bisi Bamishe

The National Insurance Commission (NAICOM) has taken another step to strengthen the insurance industry in Nigeria by issuing a license to CHI Life Assurance Limited. The event took place at the Commission’s Board Room in Abuja on Monday, March 10, 2025.

Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, warmly welcomed the CHI Life Assurance Ltd executives, urging them to make a positive impact in the industry. He assured them of NAICOM’s commitment to creating an enabling environment for operators to thrive.

Read Also:

Artificial Intelligence, Catalyst For Transformation In Financial Services — Kwairanga

NAICOM Hosts Gambia Central Bank Delegation For Strategic Knowledge Exchange

 

Mr. Omosehin also emphasized the importance of compliance with regulatory requirements and advised the new management to always seek clarification from NAICOM. He charged the Board of Directors to fulfill their roles, as they will be held accountable by the Commission.

 

Deputy Commissioner Technical, Dr. Usman Jankara also congratulated the CHI Life Assurance executives and highlighted key areas of focus, including:

*Compliance* : Adhering to regulatory rules and regulations

– *Capital Requirements*: Meeting capital requirements to avoid regulatory sanctions

– *Effective Risk Management Mechanism*: Efficiently managing risks

– *Anti-Money Laundry Guideline*: Complying with anti-money laundering guidelines

– *Market Conduct*: Ensuring fair treatment of consumers and simple claim settlement processes

– *Inspection*: Preparing for regular inspections by NAICOM

 

In her response, the Managing Director of CHI Life Assurance, expressed gratitude for the license and pledged to collaborate with NAICOM, ensuring full compliance with regulatory laws and guidelines.

 

This development is expected to enhance the insurance industry in Nigeria, and NAICOM’s efforts to promote a stable and competitive market are commendable.

 

The highlight of the event was presentation of the operation license to the Managing Director of the Company by the CFI.

Previous Post

Sovereign Trust 8th Edition Of Open Golf Tournament Starts Today In Ibadan

Next Post

NAICOM welcomes Passage Of  Insurance Reform Bill By House Of Representatives

Bisi Bamishe

Bisi Bamishe

I am a journalist with many years of experience in the field of Insurance and Pension. In 2003, I won Nigeria Media Merit Award of the IGI's Prize For Insurance Reporter of The Year

Related Posts

Artificial Intelligence, Catalyst For Transformation In Financial Services — Kwairanga
Insurance

Artificial Intelligence, Catalyst For Transformation In Financial Services — Kwairanga

June 24, 2025
NAICOM Hosts Gambia Central Bank Delegation For Strategic Knowledge Exchange
Insurance

NAICOM Hosts Gambia Central Bank Delegation For Strategic Knowledge Exchange

June 23, 2025
IMT 4.0. Sets Stage For 2025 Edition, Names Former McKinsey Partner, Tech Innovator, Per Lagerström As Headline Speaker
Insurance

IMT 4.0. Sets Stage For 2025 Edition, Names Former McKinsey Partner, Tech Innovator, Per Lagerström As Headline Speaker

June 23, 2025
NAICOM and OHCSF Host Capacity Building Workshop On Group Life Assurance Policy
Insurance

NAICOM and OHCSF Host Capacity Building Workshop On Group Life Assurance Policy

June 19, 2025
Insurers Committee Launches  Nationwide Campaign For 3rd Party Motor lnsurance
Insurance

SUPERNEWS  Conference Holds ln Lagos Today.  

June 19, 2025
Insurers Committee Launches  Nationwide Campaign For 3rd Party Motor lnsurance
Insurance

Count Down To 2025.SUPERNEWS  Annual Confab, June 19

June 17, 2025
Next Post
MUST READ : CFI Remarks At Unveiling Of lnsurance Regulation On Leased And Financed Aircrafts

NAICOM welcomes Passage Of  Insurance Reform Bill By House Of Representatives

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

NIMC Trains Corps Members For Nationwide NIN Ward Enrollment 

NIMC Trains Corps Members For Nationwide NIN Ward Enrollment 

6 hours ago
Artificial Intelligence, Catalyst For Transformation In Financial Services — Kwairanga

Artificial Intelligence, Catalyst For Transformation In Financial Services — Kwairanga

7 hours ago
NAICOM Hosts Gambia Central Bank Delegation For Strategic Knowledge Exchange

NAICOM Hosts Gambia Central Bank Delegation For Strategic Knowledge Exchange

1 day ago
IMT 4.0. Sets Stage For 2025 Edition, Names Former McKinsey Partner, Tech Innovator, Per Lagerström As Headline Speaker

IMT 4.0. Sets Stage For 2025 Edition, Names Former McKinsey Partner, Tech Innovator, Per Lagerström As Headline Speaker

1 day ago

Bisladnews.com is an online publication of Bislad Communication Network Company. It is a news platform dedicated to providing top news.

Follow Us

Browse by Category

  • Back in the days
  • Business
  • Features
  • Insurance
  • Interview
  • News
  • Opinion
  • Paper Presentation
  • Pension
  • Photo Gallery
  • Politics
  • Sports
  • Uncategorized

Recent News

NIMC Trains Corps Members For Nationwide NIN Ward Enrollment 

NIMC Trains Corps Members For Nationwide NIN Ward Enrollment 

June 24, 2025
Artificial Intelligence, Catalyst For Transformation In Financial Services — Kwairanga

Artificial Intelligence, Catalyst For Transformation In Financial Services — Kwairanga

June 24, 2025
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports

©2024 - Bislad News

No Result
View All Result
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports

©2024 - Bislad News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In