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

IPMAN Kicks Against Issuing Licences for Petroleum Products Import

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has...

Stanbic IBTC Empowers MSMEs with Business Growth Insights at Nigeria Business Summit Regional Tour in Ibadan

Micro, Small, and Medium Enterprises (MSMEs) across Oyo State...

NGX Chair: Insurance Sector Needs More Marketing, Digitalisation to Increase Penetration, Contribution to GDP

Remarks by Dr. Umaru Kwairanga, Chairman, Nigerian Exchange Group...

NAICOM Boss Charges CIIN on Professionalism, Ethics, Innovation as Jide Orimolade Emerges 53rd President

The Commissioner for Insurance/CEO, National Insurance Commission (NAICOM), Mr....

Experts Charge Stakeholders to Address Healthcare Challenges

Experts have charged stakeholders to address challenges limiting the...

Topics

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Tony Elumelu Foundation Empowers 5,000 African SMEs with $25m

The Tony Elumelu Foundation (TEF), the leading philanthropy empowering...

AXA Mansard: The Worst Ranking Insurance Brand in Q1 2023

In the first quarter of 2023, P+ Measurement Services,...

PILA Pays Courtesy Visit to Sovereign Trust Insurance Plc

Members of the Professional Insurance Ladies Association (PILA) with...

Polaris Bank, Evolve Charity Trust Empower 1,000 Students with School Essentials

Polaris Bank, in partnership with Evolve Charity Trust, has...

Danbatta Woos Investors at GITEX Africa on Nigeria’s Broadband Future

The Executive Vice Chairman (EVC) of the Nigerian Communications...

Global Airlines Financial Monitor: June 2017

Global airline share prices increased, and outperformed the global...

How African Alliance Paid N1.3bn Claims in Oct/Nov 2020

Mrs. Joyce Ojemudia Managing Director/Chief Executive Officer African Alliance Insurance Plc African...
spot_img

Related Articles

Popular Categories

spot_imgspot_img