NAICOM Seeks Strong Institutions, Collaboration in Insurance Sector

The Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, who was represented by the Deputy Commissioner, Mr. Ekerete Olawoye Gam-Ikon, attended the 2024 Nigeria Council of Registered Insurance Brokers (NCRIB) CEO’s Retreat held from June 13-15, 2024 in Uyo, Akwa Ibom State. The retreat was themed “Building Institutions That Survive Their Promoters.”

In delivering the goodwill message, the Deputy Commissioner emphasised that in today’s rapidly changing world, the concept of building enduring institutions is more relevant than ever. Institutions that outlive their founders represent sustainability, resilience and continuous excellence, becoming pillars of strength for our communities and guiding us through times of change and uncertainty.

He further noted that at NAICOM, there is a deep commitment to creating lasting legacies. This commitment is built on robust governance, innovation, and an unwavering dedication to ethical practices. These principles not only ensure the longevity of institutions but also foster trust and confidence among stakeholders.

The Deputy Commissioner highlighted the crucial role insurance brokers play in this endeavour. As intermediaries who facilitate critical financial protection, brokers are instrumental in promoting stability and security whose efforts contribute to a safer and more predictable environment for businesses and individuals alike. He expressed confidence that the discussions and insights shared during the retreat would illuminate strategies and best practices to ensure that the institutions built today will thrive for generations to come.

In conclusion, he urged everyone present to use the opportunity to collaborate, learn from each other and reinforce the insurance industry’s collective mission to create a sustainable future.

Hot this week

PenCom Engages Lagos State over Increase in Pension for Lagos State Retirees

The National Pension Commission (PenCom) acknowledges the concerns expressed...

The Nigeria Prize for Literature: Eze, Ifowodo, Oburumu in the Race for $100,000

The field has narrowed and the race for the...

Ecobank Unveils N20m InnovateX 2026 Opportunity for Young Nigerians

Ecobank Nigeria has called on young Nigerians, particularly students,...

Leadway Assurance Partners Orivon to Unveil EEWYLA Program at LAUTECH

Oriyon International Limited, a livestock production and aggregation company focused...

Tinubu to Declare Niger Delta Economic, Investment Summit Open Sept 15

President Bola Ahmed Tinubu is expected to declare open...

Topics

NDIC’s Achievements on Financial Inclusion Showcased at 2022 International Confab

The Nigeria Deposit Insurance Corporation (NDIC) plays a critical...

India Tablet Shipments Sluggish in Q1 2016

According to International Data Corporation (IDC), Indian tablet market...

Standard Chartered Mobile Banking Targets 1m in Nigeria, Others

Standard Chartered Bank is bringing its newest mobile and...

Natural Disasters Inflict $7tr Economic Losses Since 1900

Natural disasters around the globe have resulted in economic...

NCDMB Earns Applause for Achievements, Wabote Explains Role of NCCF

Indigenous operators and service companies in the oil and...

Stanbic IBTC Unveils Single Sign-on Capability on Mobile Super App

To unify customer experience while using its Mobile App,...

Islamic Corp Partner China-Africa Fund to Boost Investment in Africa

At the side lines of the landmark China-OIC Forum...