The National Insurance Commission (NAICOM) has unveiled the Insurance Policyholders’ Protection Fund (IPPF), mandating all insurance and reinsurance companies to contribute to the scheme as part of efforts to safeguard policyholders and strengthen industry stability. Under the new directive, insurers are required to remit 0.25 per cent of their net premium income annually into the Fund, with the Commission warning that failure to comply within stipulated timelines could attract sanctions, including suspension or cancellation of operating licences..............................….......READ MORE