The body that regulates the activities of insurance market in Nigeria

The body that regulates the activities of the insurance market in Nigeria is the National Insurance Commission (NAICOM). NAICOM is the primary regulatory authority for the insurance industry in Nigeria, responsible for supervising and regulating the activities of insurance companies and intermediaries. Its primary objectives are to protect policyholders and ensure the stability and growth of the insurance industry in Nigeria. NAICOM is responsible for issuing licenses to insurance companies, establishing and enforcing industry standards, and monitoring the financial health of insurance companies operating in the country.