NAICOM has launched the Insurance Policyholders Protection Fund to protect consumers from losses caused by failed insurers. This initiative aims to enhance consumer confidence in Nigeria's insurance sector.
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The Briefing Africa
May 15, 2026 · 14:32 · 5 min read
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NAICOM has launched the Insurance Policyholders Protection Fund to protect consumers from losses caused by failed insurers. This initiative aims to enhance consumer confidence in Nigeria's insurance sector.
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The establishment of the Insurance Policyholders Protection Fund by NAICOM is a significant step towards ensuring financial security for policyholders in Nigeria. This fund is expected to mitigate risks associated with insurer insolvency and foster trust in the insurance industry.