The National Insurance Commission (NAICOM) has released the guidelines for the Minimum Capital Requirement (MCR) of insurance and reinsurance companies, directing operators to submit their current compliance status on 2024 audited financial statements and second quarter (Q2) returns as at 30th June 2025 - in line with approved template.
In a circular dated September 8, 2025 themed, ‘Guidelines on Minimum Capital Requirement for Insurance and Reinsurance Companies’ signed by Oluwatoyin Charles, director, Supervision Directorate for the Commis
