The National Insurance Commission (NAICOM) has said it will not hestitate to sanction insurance operators that contravene local content policy by ceding businesses offshore, without fully utilising local capacities. The commission in a circular titled: “Utilisation of In-Country Capacities of Nigerian Insurers, Reinsurers and Pool Prior to Foreign Facultative Reinsurance”, dated December 22, 2016 and ...
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