The National Insurance Commission as part of its strategic objective to drive innovation of products and services, ensure operators are professional in the conduct of their businesses in line with best practices, has issued the three guidelines.
Three three guidelines made public today are, Insurance Regulatory Sandbox Operational Guidelines; Market Conduct Guidelines for Takaful and Retakaful Insurance Operators.
The third in the list is, Enterprise Risk Management Framework for Takaful and Retakaful Operators in Nigeria.
In a concise statement, the Commission explained that it “expects all operators to ensure compliance with the new guidelines to the benefit of all stakeholders.”
The Commission further explained that various guidelines are for exhaustive study that solicit necessary action.
