Financial Training Deepening Africa has raised further the capacity of National Insurance Commission (NAICOM) to have leverage in risk based capital (RBC) with the training of seventy (70) staff of the Commission.
The training NAICOM statement outlined, is sequel to a partnership entered into by the Commission and the current training of the 70 slated for for two weeks ended today, Friday 28 July 2023.
The deepening partnership also comes along with courtesy visit by the Managing Director Financial Sector Deepening Africa Mr. Mark Napier along with his management team to the Commissioner for Insurance Nigeria Mr. Olorundare Sunday Thomas.
NAICOM enumerated the other benefits of the partnership for the Nigerian insurance industry to include; development of risk based capital framework and toolkit; Incorporation of Economic, Social and governance (ESG) Principles into industry operations. And, development of innovation portrait which would facilitate innovation for the regulator and insurance operators amongst others.