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

Heirs Life Assurance Appoints Pastor Jerry Eze as Independent Non-Executive Director

L – R: Tony Elumelu, Chairman, Heirs Life Assurance...

CBN Opens Applications for Second Cohort of Regulatory Sandbox Programme

The Central Bank of Nigeria has announced the commencement...

LCCI: Nigeria Must Adopt Reforms to Unlock Fintech Potential, Lead Digital Financial Hub in Africa

L-R: Prince Cookey, Publisher/Editor-in-Chief, Business Journal Media Group; Mr....

SEC DG: Capital Market Has Capacity to Fund Abuja Infrastructure Projects

Dr. Emomotimi Agama Director-General Securities and Exchange Commission (SEC) The Director-General of...

Mutual Benefits: Shareholders Back Strategic Growth Direction at 30th AGM

Historic 30th AGM: L-R: Managing Director/CEO, Mutual Benefits Life...

Topics

March Headline Inflation Surges to 12.8%, 44-Month High

The National Bureau of Statistics (NBS) released the Consumer...

GT Bank Appoints Osaretin Demuren as New Chairman

Guaranty Trust Bank Plc has announced the appointment of Mrs. Osaretin Afusat Demuren as the New and 6th Chairman of its Board of Directors, at the 25th Annual General Meeting of the Bank which held on Tuesday March 31st, 2015 at Oriental Hotel, Lekki-Epe expressway, Lekki, Lagos. Demuren was presented to Shareholders as a replacement for the outgoing Chairman, Mr. Egbert Imomoh, who is retiring from the Board in compliance with the Bank’s Code of Corporate Governance, which stipulates a retirement age of 70 years for Non-Executive Directors of the Bank.

Access Bank Partners NYSC to Promote Entrepreneurship with N30m Grant

Access Bank Plc, through the Accesspreneur program in partnership...

African Energy Stakeholders Plan Investment Partnerships

The Powering Africa: Summit will return for a fourth...

Seplat Energy Signs MoU with MTN Nigeria on 5G

Seplat Energy has signed a 5G2Business Memorandum of Understanding...

9mobile Refreshes its MoreBusiness ComboPak with Additional Benefits

9mobile, Nigeria’s customer-centric telecommunications company has refreshed its ‘MoreBusiness...

Business Journal 5th anniversary Press Release

Yuguda, Ndukwe for Business Journal 5th Anniversary Lecture/Awards Mallam Isa Yuguda, Executive Governor...

Stanbic IBTC Pension Managers Concludes Retirement Education Drive across Five Cities

Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC...
spot_img

Related Articles

Popular Categories

spot_imgspot_img