NAICOM’s risk-based capital drive spurs industry plan for Actuarial Fund

Nigeria’s insurance industry is stepping up efforts to develop actuarial expertise ahead of the implementation of a risk-based capital (RBC) framework, with a multi-million-naira Joint Actuarial Fund scheduled to commence operations in January 2027. ‎The proposed fund is expected to support the development of specialist skills required to improve risk assessment, premium pricing and financial…

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