Thursday, November 7, 2024
26.6 C
Lagos

NAICOM Committed to Insurance Development in Nigeria

Mr. O.S. Thomas

Commissioner for Insurance

NAICOM

Mr. O.S. Thomas, the Commissioner for Insurance, National Insurance Commission (NAICOM) says the Commission is committed to development of insurance across all strata in the country and would continue to do more to ensure inclusive development of insurance.

Thomas added that NAICOM is also committing huge resources to actuarial development in the country in collaboration with the Chartered Insurance Institute of Nigeria (CIIN) through the College of Insurance and Financial Management though the entire process has been affected by advent of the COVID-19 pandemic.

“The Commission will continue to collaborate and support the Institute where possible, for the attainment of quality education, training and improved ethical behaviour of practitioners. The Commission’s concern for specialised regulators’ training has prompted the inception of the process of establishing the NAICOM Academy which will not only serve the training need of the Commission but also those of other regulators in the West African sub region.”

He assured the Institute that the Academy will not compete but complement the activities of CIIN for the benefits of insurance business and insurance profession.

“The future of the profession is very bright and the potentials are enormous, we only need to fill the gaps.”

spot_img
spot_img
spot_img

Hot this week

Continental Re Seeks Entries for 10th Pan African Re/Insurance Journalism Awards 2025

Continental Reinsurance Plc, a leading Pan-African reinsurer, is proud...

Cloud Energy Unveils 200 Watts Street Light Bulbs, Rooftop Panel Campaign

Nigeria’s foremost indigenous Renewable Energy Company, decorated by industry...

Awele Elumelu Seeks Increased Female Leadership in Insurance Sector

L-R: Lady Margaret Moore, President, Africa Insurance Women Association...

NCDMB ES, Lagos Gov Commission Bell Oil and Gas’ Pipe Threading, Valve Assembly Plant

A multi-million-dollar pipe threading and valve assembly facility built...

Polaris Bank Clinches “Best Mobile App” Award at Digital Jurist Awards 2024

Polaris Bank's commitment to digital innovation and excellence has...

Topics

Burundi, Liberia, Uganda Win 1st Africa Innovation Challenge

Johnson & Johnson has named the winners of the...

Eskom cannot be given a new licence to kill

Yesterday, Greenpeace Africa submitted comments to Naledzi Environmental Consultants...

Commonwealth Short Story Award Winner Releases The Talent Coach

Dr. Frederick Mordi, a Commonwealth Short Story Award winner,...

AfDB Approves $50m to Fidelity Bank for SME Support in Nigeria

The African Development Bank (AfDB) has approved a US$50...

Report: 1.3bn 5G Mobile Connections by 2026

As the use of smartphones and tablets on 4G...

African Female Managers Launch $100m Fund to Drive Growth

    UN Secretary-General, Antonio Guterres, and African Union Commission Chairperson,...

Delicious low-carb pumpkin seed bread recipe

Elementum nulla turpis cursus. Integer liberos kusto euismod aene pretium faucibus ...

Recapitalisation: Investors Scramble for Fidelity Bank’s Offers

Investors are literally scrambling for shares of Fidelity Bank...
spot_img

Related Articles

Popular Categories

spot_imgspot_img