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

Guinea Insurance Surpasses ₦15bn Minimum Capital Requirement in Recapitalisation Milestone

Guinea Insurance Plc has achieved a significant milestone in...

NAICOM Reaffirms Support for Takaful, Microinsurance Growth as Noor Takaful Nears 10th Anniversary

L-R: Dr. Usman Jankara Jimada, Deputy Commissioner Technical, NAICOM;...

BUA Foods Delivers Double Digit Profit as Margin Discipline Drives Growth

  Company advances long term expansion strategy with significant...

Leadway Sounds Alarm on African Swine Fever, Urges Farmers to Strengthen Biosecurity

As concerns grow over recent outbreaks of African Swine...

Ecobank Nigeria Launches Scaling Up!!! Podcast to Champion African Entrepreneurship, Business Growth

Ecobank Nigeria has launched Scaling Up!!!, its flagship business...

Topics

NAICOM Honoured with Award at Business Journal Newspaper Presentation

L-R: Mrs. Adeola Olagoke, representative of the Lagos State...

Polaris Bank Champions Accelerating Action at IWD Seminar

Cross Section of Secondary School Students who attended Polaris...

Zenith Bank Earnings FY 2018: Lower Income, Improved Efficiency

Lower Income but Improved Efficiency Zenith Bank Plc recently released...

Union Bank Upgrades to PCIDSS v4.0 Certification

Union Bank, one of Nigeria’s most noteworthy and trusted...

Niger Delta Amnesty Programme: Yesterday, Today & Tomorrow!

The Niger Delta Amnesty Programme is still on course! That was the good news every citizen of the Niger Delta region, concerned Nigerians and multinationals in the oil & gas sector wanted to hear from the Seat of Power in Abuja. That good news came via presidential statement announcing retired Brigadier-General Paul Boroh as the New Co-ordinator of the Niger Delta Amnesty Programme. He replaced Kingsley Kuku.

CBN Assures Bank Depositors of Safety of Funds

The Central Bank of Nigeria (CBN) has noticed reports,...

2023 Anzisha Prize Fellowship: Opportunity for 30 Young African Entrepreneurs 

  30 entrepreneurs will be selected to join the...

NCDMB Advocates Corporate Governance for Indigenous Oil Firms

Indigenous oil and gas companies must instill principles of corporate governance...