The National Insurance Commission (NAICOM) and the Nigerian Insurers Association (NIA), have set a fresh dimension for collaboration that will transform and elevate the insurance sector to greater heights with a continued emphasis on prompt claims payment and consumer rights.
This was the tone set when the Commissioner for Insurance/CEO, Mr. Segun Ayo Omosehin, and his management team welcomed the members of the Governing Council of the Nigerian Insurers Association (NIA) led by the incoming Chairman, Mr. Kunle Ahmed, who paid a courtesy visit to the National Insurance Commission (NAICOM) on Thursday, 9th May 2024.
During the meeting, the incoming NIA Chairman extended congratulations to the recently appointed Executive Management and expressed gratitude to the Commission for its pivotal role in maintaining a fair and stable insurance sector. He emphasized the importance of implementation of the ten-year strategic plan and finalizing the consolidated insurance bill. Furthermore, he expressed willingness to collaborate with the new Executive, expressing confidence in their ability to elevate the insurance sector to greater heights.
The NIA delegation was briefed on the Commission’s ongoing review of its strategic plan to align it with the Nigerian Insurance Industry’s ten-year strategic plan.
The Commissioner for Insurance (CFI) assured continued collaboration with the NIA to safeguard consumer rights, particularly in ensuring the prompt settlement of genuine claims. In his concluding remarks, the CFI affirmed the Executive Management’s ambition to drive growth in the Nigerian Insurance Market.
Overall, the meeting showcased a collaborative spirit between NAICOM and NIA, highlighting a shared commitment to advancing the insurance sector and protecting the interests of consumers.
