Minimum capital requirements: Insurance reform bill pegs non-life at N25bn, life N15bn, reinsurance N45bn

Tribune OnlineMinimum capital requirements: Insurance reform bill pegs non-life at N25bn, life N15bn, reinsurance N45bnTHE insurance reforms bill passed for second reading last week by the Senate has pegged the minimum capital base for non-life insurance business at ? 25 billion, life business ? 15 billion, and reinsurance? 45 billion. The bill stipulates that risk-based capital would be determined from time to time by the National Insurance Commission (NAICOM). [...]Minimum capital requirements: Insurance reform bill pegs non-life at N25bn, life N15bn, reinsurance N45bnTribune Online

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