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| CFI, Fola Daniel |
Chuks Udo Okonta
Just 28 days to the deadline for submission of last year’s financial
accounts, only six insurance companies’ accounts have been approved by the
National Insurance Commission (NAICOM) out of the 20 that had submitted.
NAICOM disclosed this in a circular entitled: Submission Status of 2013 Financial
Statement of Insurance Companies as at Friday, May 30, 2014.
The approved accounts are those of Mansard Insurance
Plc; Custodian General Insurance Limited; Custodian Life Assurance Limited; Cornerstone
Insurance Plc; Zenith Life Insurance Limited and NSIA Insurance Limited.
The
commission noted that the accounts submitted by FBN Life Assurance Limited; Wapic
Insurances Plc; UBA Metropolian Life Insurance. Limited; Wapic Life Assurances;
Regency Alliance Insurance Plc; Law Union and Rock Insurance Plc; Zenith
Insurance Company Limited; AIICO Insurance Plc; Oasis Insurance Plc and Continental
Reinsurance were queried and it is awaiting their responses.
This
development has raised concern for industry watchers, as they believed the
operators should improved with the experience they acquired in securing
approval for their 2012 accounts.
At Friday, May 30th , 2014.
NATIONAL INSURANCE COMMISSION
SUBMISSION STATUS OF 2013 FINANCIAL STATEMENTS OF INSURANCE COMPANIES As
At Friday, May 30th , 2014.
1 Mansard Ins Plc Approved
2 Custodian General Ins. Ltd Approved
3 Custodian Life Assurance Ltd Approved
4 Cornerstone Insurance Plc Approved
5 Zenith Life Insurance Ltd Approved
6 NSIA Insurance Ltd Approved
7 FBN Life Ass Ltd Query Awaiting responses
8 Wapic Insurances Plc Query Awaiting responses
9 UBA Metropolian Life Ins. Ltd Query Awaiting responses
10 Wapic Life Assurances Query Awaiting responses
11 Regency Alliance Insurance Plc Query Awaiting responses
12 Law Union and Rock Ins. Plc Query Awaiting responses
13 Zenith Insurance Company Ltd Query Awaiting responses
14 AIICO Ins. PLC Query Awaiting responses
15 Oasis Ins. Plc Query Awaiting responses
16 Continental Reinsurance Query Awaiting responses
17 Lasaco Assurance Plc Review in Process
18 Niger Insurance Plc Review in Process
19 Linkage Assurance Plc Review in Process
20 Leadway Assurance Ltd Review in Process
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