NAICOM Issues Regulatory Sandbox, Takaful Market Conduct, ERM Guidelines

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, recently issued the following guidelines:

  • Insurance Regulatory Sandbox Operational Guidelines
  • Market Conduct Guidelines for Takaful and Retakaful Insurance Operators
  • Enterprise Risk Management Framework for Takaful and Retakaful Operators in Nigeria.

The Commission expects all Operators to ensure compliance with the new guidelines to the benefit of all stakeholders. Attached are the various guidelines for your necessary action. 

‘Rasaaq ‘Salami

Head, Corporate Communication and Market Development

For: Commissioner for Insurance

spot_img
spot_img
spot_img
spot_img
spot_img

Hot this week

AFRACA-NIRSAL Masterclass Builds Financial Institutions’ Capacity for Climate, AI-Driven Agricultural Finance

The African Rural and Agricultural Credit Association (AFRACA), in...

Shell Reinforces Safety Commitment at CEO Contractors Forum

Shell leaders and Contractor CEOs at the Annual Shell...

Guinea Insurance Receives New Licence from NAICOM Post-Recapitalisation

L-R: Ademola Abidogun, Managing Director/CEO, Guinea Insurance Plc and...

AXA Mansard Reports N7.8bn H1 Profit, Capital Base Meets Recapitalisation Threshold

AXA Mansard Insurance Plc has sustained its growth momentum...

AXA Mansard Health Int’l Health Plan Covers Cancer, Other Chronic Health Conditions

 Mr. Tope Adeniyi CEO AXA Mansard Health AXA Mansard Health’s International Healthcare...

Topics

Wema Bank Builds Capacity for Owners, Managers of SMEs in Enugu

In its bid to equip small and medium-scale enterprises...

AXA, Jumia Unveil Insurance Policy for Mobile Phones

The insurer, AXA Côte d’Ivoire and Jumia, the ecommerce...

Tigo Tanzania Launches Innovative Nano Lending Scheme

Leading digital lifestyle company, Tigo has announced it will...

Zenith Bank FY: 2017 Earnings: Resilient Performance… A Clear Case of Undervaluation

Mr. Peter Amangbo, Group MD/CEO, Zenith Bank Plc Zenith Bank...

Social/ Emotional Learning Software, The Social Express, Touches Down in Africa

The Language Express, Inc., developers of the Award winning...

INEC Commends Anambra Voters for Success of Nov 6 Governorship Election

Professor Mahmood Yakubu, Chairman, Independent Electoral Commission (INEC) has...

Sovereign Trust Insurance Rights Issue Opens June 24

The Management of Sovereign Trust Insurance Plc has announced...

PenCom Commences Online Verification/Enrolment for 2021 MDA Retirees

The National Pension Commission (PenCom) has developed an online...
spot_img

Related Articles

Popular Categories

spot_imgspot_img