NAICOM Proposes Engagement Of 60 Actuaries To Beef Up Insurers’ ALM In Annuity Offerings

The National Insurance Com­mission (NAICOM) has re­leased circular outlining addi­tional regulatory requirements for life insurance companies carrying on annuity business in Nigeria with over 60 actuar­ies expected to be engaged by 60 licensed insurance companies. The circular, dated Janu­ary 24, 2025, aims to enshrine best practice in the manage­ment of annuity portfolios by insurance institutions [...]

Read More