Insurance law

Merge To Meet Capital Requirement- NIC Urges Insurance Companies

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The National Insurance Commission (NIC) has urged insurance companies that are struggling to meet the minimum capital requirement to consider merger before the time given them to meet the condition elapses. According to the commission, it will be forced to take the next line of action which may be delisting, if the companies fail to … Read more

Insurance Premiums Set To Soar After Compensation Changes

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Average car insurance premiums could increase by up to £75 a year as a result of a government ruling, industry experts have said. A new formula for calculating compensation payments for those who suffer long-term injuries has been announced by the Ministry of Justice. But the Association of British Insurers (ABI) called the decision “crazy”. … Read more