The National Insurance Commission NAICOM in furtherance of its stakeholders engagement is set to include this year the Organised Private Sector, Manufacturers Association of Nigeria and other salient sectors of the nigeria economy.
This was disclosed by the Deputy Commissioner for Insurance, Technical, Dr Usman Jankara, at the 2nd annual lecture of The Laspotech Insurance Graduates LIGs held at Insurance Brokers House, Nigeria Corporation of Registered Insurance Brokers NCRIB, Yaba Lagos.
Jankara noted that before venturing to engage stakeholders in the large insurance space, the Commission had done good housekeeping. Going back intime when the Committee started in 2017, it was initially for the underwriters, “but we are about to expand it to include other arms of the industry and also the consumers.”
“We are going to have a forum that will involve consumers of insurance, specifically like Manufacturers Association of Nigeria MAN, the organised Private Sector and all such segment of the Nigerian economy. We have started engagement with Organised Private Sector already and that has resulted in some form of framework that is being looked at. We will also engage with MAN and there are poor macroeconomic issues that have delayed that.”
He however cleared that it’s not a NAICOM issue but all stakeholders affairs. “What stakeholders approach highlight is the fact that as an industry you must move away from profit maximisation as the ultimate goal to one that even in your intermediation role, you are not just looking at your commission, it’s about the service and how you able to provide solution that are peculiar that address customers needs. that also, ultimately ends up creating the impression that this company is really interested in me. It’s not just about the financial side.”
Featured Picture: Deputy CFI Technical, Dr. Usman Jankara (Centre) and left. MD/CEO SCIB Insurance Brokers, Mr. Solanke Ogunlana at the event.
