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

emPLE Bolsters Capital Capacity, Customer Confidence after Securing NAICOM Recapitalisation Mandate

emPLE Nigeria has strengthened its capital position following the...

T+1: SEC Insists on 5pm Settlement Deadline for Equities, Commodities on CSCS Platform

The Securities and Exchange Commission (SEC) has fixed 5:00...

Tinubu: Refineries Will Return to Deliver Profit, Welcomes Support by NUPENG

President Bola Ahmed Tinubu said in Abuja refineries will...

NRS Chair: Report of $279m Frontier Exploration Fund Transfer is Fake News

The Executive Chairman of the Nigeria Revenue Service (NRS),...

Former CFI: Regulatory Concession on Recapitalisation Will Undermine Integrity of the Process

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

Topics

Lamido of Adamawa Commends NCC’s Consumer Protection Initiatives

The Lamido of Adamawa, Dr. Muhammadu Mustapha, has commended...

Global Airlines Financial Monitor: January 2017

The initial financial results for Q4 2016 indicate...

Digital Encode Targets Unicorn Status, Showcases Cutting-edge Cybersecurity Solutions @ AfriTECH 4.0

Digital Encode Limited, a leading Cybersecurity and Governance, Risk...

‘Africa Has GDP of $3.4 tr,1bn Population’

Equatorial Guinea will host the African Development Bank’s next...

Universal Insurance Targets N20bn Premium Income in 2024

L-R: Managing Director/CEO, Universal Insurance Plc, Dr. Ben Ujoatuonu;...

CIIN: Insurance Industry Partnership with Media Should Drive Economic Growth

ADDRESS BY SIR MUFTAU O. OYEGUNLE CHAIRMAN, INSURANCE INDUSTRY...

CAMCONIA Strategises for Increased Insurance Awareness in Nigeria

The Corporate Affairs Committee of the Nigerian Insurers Association...

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

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

Related Articles

Popular Categories

spot_imgspot_img