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Recapitalisation: 15 insurers verified, 9 still under review

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Recapitalisation: 15 insurers verified, 9 still under review

08 May, 2026

As the insurance sector recapitalisation exercise gathers momentum, about 15 firms have so far successfully undergone capital verification out of the 24 firms approved by the National Insurance Commission (NAICOM). Total number of operating firms in the sector is 57 indicating that barely 40 percent of the sector operators can be said to be in comfortable position, while the remaining 60 percent are still in the various stages of recapitalization, just about two and half months to the deadline, July 31, 2026...................…...READ MORE