The National Insurance Commission NAICOM has charged insurance practitioners face the future of the industry with large guts that will make the sector the sign post for another to adapt.
The charge was given by the Commissioner for Insurance, Olusegun Omosehin at the opening of the 2026 Insurance Week in Lagos; he let the industry know that they are at the moment of decision to make the industry a major league of the economy: “We stand at a defining crossroad – a moment, charged with opportunity, laden with responsibility, and demanding decisive action.”
Emboldening the professionals to take a stand and cease faltering, Omosehin said, “Let us rise to it with deliberate purpose: to raise our voices, proclaim our worth, give voice to our relevance, and break the silence that has held us back.”
He lists several ‘must’ that must be the cornerstone of corporate policies. “We must elevate public awareness to a national priority. We must deepen collaboration across the industry. We must strengthen accountability and transparency. And above all, we must remain steadfast in our commitment to reform.”
In addition the CFI said, “Let us remember that trust is not built overnight. It is earned through consistent actions, dependable service and unwavering integrity. Every policy issued, every claim settled, and every client interaction contributes to the public perception of our industry.”
He reiterated that the Nigerian insurance industry holds immense potential not only as a key component of the financial services sector but also as a catalyst for national growth and development.
He therefore, charged them to sustain the momentum already built. “And let us work together to create an insurance sector that is inclusive, innovative, and globally competitive.”
