The National Insurance Commission (NAICOM) is the apex regulatory authority for Nigeria’s insurance sector. We ensure strict compliance with laws and guidelines to maintain market integrity and consumer confidence. Through proactive supervision and sound regulatory frameworks, we protect policyholders and promote sustainable industry growth.
NAICOM Operates under a robust legal framework designed to strengthen the integrity and sustainability of the insurance industry in Nigeria.
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The Commissioner for Insurance and CEO of NAICOM, Mr. Olusegun Omosehin, has reaffirmed the Commission’s commitment to harnessing the opportunities presented by the African Continental Free Trade Area (AfCFTA). He emphasized that the removal of trade barriers will enable Nigerian insurers to expand across Africa, fostering innovation, competitiveness, and market growth.
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NAICOM sets policies and provides regulatory oversight for all key sectors of the Nigerian insurance companies. Each segment plays a vital role in protecting lives, assets, and investments while supporting economic stability.
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Meet the visionary leaders driving excellence in Nigeria's insurance regulation
Chairman, Governing Board
Commissioner for Insurance/CEO
Deputy Commissioner for Insurance Technical
Deputy Commissioner for Insurance Finance & Admin
Member Rep. Central Bank of Nigeria
Member
Member Rep. Federal Ministry of Finance
Member Rep. Federal Ministry of Industry, Trade & Investment
Member
Member Rep. Chartered Insurance Institute of Nigeria
At NAICOM, we are dedicated to safeguarding your personal information. We adhere strictly to the Nigeria Data Protection Act (NDPA) 2023, ensuring that all data we collect, use, and store is handled responsibly and in full compliance with the law.
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The NAICOM Academy is an initiative committed to deepening insurance knowledge across Nigeria. It provides accessible training for professionals, public servants, and citizens—ensuring compliance, transparency, and innovation in the insurance sector. By empowering individuals through education, NAICOM supports national development and economic resilience.
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NAICOM Commences Issuance of New Licence Certificates to Recapitalized Companies, Marking a New Era for Nigeria's Insurance Industry...NAICOM Announces Successful Completion of the Insurance Sector Recapitalization Exercise, Heralding a New Era of Insurance in Nigeria......Commissioner for Insurance Reaffirms Support for Insurance Sector Growth as Noor Takaful Nears 10th Anniversary........Senate passes bill to rename NAICOM as Insurance Regulatory Commission...PUBLIC NOTICE!!!!!! TO ALL STAKEHOLDERS OF NIGER INSURANCE PLC (IN RECEIVERSHIP) The attention of the National Insurance Commission (NAICOM) has been drawn to publications carried in various national daily newspapers on 15 July 2026 by the purported management of Niger Insurance Plc (“Niger” or “the Company”). For the avoidance of doubt, NAICOM hereby categorically states that the referenced publication is false, mischievous, and grossly misleading. Accordingly, the general public, especially stakeholders and former policyholders of Niger Insurance Plc, are hereby requested to TAKE NOTICE.....Mr. Omosehin charges CIIN on professionalism, ethics and innovation as Akinjide Orimolade emerges 53rd President....NAICOM holds one-day training for Nigeria Police Force on compliance with compulsory Insurance Policies.....Nigeria's Insurance Premium Hits N2.3 Trillion as Industry Assets Rise to N4.8 Trillion.....National Insurance Commission Successfully Inaugurates Insurance Policyholders’ Protection Fund (IPPF) Committee on 15th May 2026...
The National Insurance Commission, announced the successful completion of the twelve-month insurance sector recapitalization exercise undertaken pursuant to Section 15 and other relevant provisions of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, signed into law on 31 July 2025 by His Excellency, President Bola Ahmed Tinubu, GCFR, as part of his administration’s financial sector transformation agenda towards the attainment of a US$1 trillion economy by 2030.
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