Committee on Insurance of Public Buildings Meets on Compliance

From Left: Mrs. Adebola Odukale, DG, NIA; Mr. Ahmed Adamu, Ag. Directo, Research & Statistics, NAICOM; Deputy Commissioner for Insurance, Mr. Ekerete Ola Gam-Ikon, who serves as the Committee Chairman and Mr. Rasaaq Salami of NAICOM.

As part of the on-going initiatives spearheaded by the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, the 2nd Meeting of the Insurance of Public Buildings and Buildings Under Construction Committee took place on Tuesday, July 2, 2024, in Abuja.

The Deputy Commissioner for Insurance, Mr. Ekerete Ola Gam-Ikon, who serves as the Committee Chairman, welcomed the committee members representing various stakeholder institutions. In his opening remarks, he emphasised the importance of the committee’s national assignment: developing a methodology to ensure compliance with the insurance of public buildings and buildings under construction. This effort aims to enhance the uptake of insurance in these sectors.

The day’s deliberations focused on identifying and exploring synergies with stakeholders, liaising with State Governors and Houses of Assembly to domesticate insurance laws for better compliance, researching similar policies in other jurisdictions, and sensitising stakeholders on the importance of adherence to compliance with compulsory insurances.

Hot this week

Stanbic IBTC Bank PMI: Strongest Growth of Output Since February 2022

September data signalled strengthening growth momentum in Nigeria's private...

Stanbic IBTC’s AAA (nga) Rating, Unbroken for a Decade, Reaffirmed by Fitch

Stanbic IBTC has been reaffirmed at 'AAA (nga)' by...

A&G Pitches 5-Point ‘Extra Mile’ CSW 2026 Strategy to Brokers Driven by Recapitalisation Strength

Alliance & General Insurance Plc has initiated a strategic...

Recapitalisation: The Road to Strong Capital Adequacy, Growth for Insurance Industry

The recent conclusion of the recapitalisation exercise in the...

AXA Mansard’s New Campaign Seeks to Deepen Insurance Penetration as Path to Economic Growth

AXA Mansard Insurance Plc has unveiled a new strategic...

Topics

NAICOM Holds One-Day Training for Police Officers on Compliance with Compulsory Insurance Policies

The National Insurance Commission (NAICOM) has organised a one-day...

African Insurance Market Reports $69bn Premium, Low Penetration

The African Insurance Organisation (AIO) has launched its first...

Guinea Insurance Pledges Positive Reforms

The recent retirement announcement of the erstwhile Chairman and...

Sovereign Trust Insurance Wins “Best Digital Innovation Insurance Company of the Year’ Award

L-R: Segun Bankole, DGM/Head, Corporate Communications & Investor Relations...

BRI: NASENI, Chinese Firms Sign MoU, Receives Letters of Intent for $2bn Investments 

At a ceremony attended by Vice President Kashim Shettima on...

Ecobank Confab: Experts Advise Employees, Small Business Owners on Income Diversification

  Salary earners, individuals, self-employed and small businesses have been...

NAICOM, ISAN Explore Collaboration on Insurance Regulation, Growth in Nigeria

  Members of the Independent Shareholders Association of Nigeria (ISAN)...

Repton Group Wins 2025 Dangote Cement Largest Distributor Award

…in Nigeria, Sub-Saharan Africa By Goke Ilesanmi L-R: Alhaji Aliko...