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

PufferPay CEO, Emmanuel Ovaga, to Keynote Business Journal Fintech & Financial Inclusion Roundtable 2026

Mr. Emmanuel Ovaga, the Chief Executive Officer (CEO) of...

SERAP asks Akpabio, Abbas to Explain ₦1.3bn Allocation to ‘Fictitious Presidential Council’

The Socio-Economic Rights and Accountability Project (SERAP) has urged...

FG to IMF: Response to Recent Misrepresentations on Public Expenditure

The Federal Government has noted recent public commentary alleging...

Topics

NSE Retains ISO 27001:2013 Certification

The Nigerian Stock Exchange (NSE) has announced the retention...

Heritage Bank: No Relationship with Heritage Capital

Heritage Bank Limited says there is no form of...

Xend Finance Opens Transactions in Ghana Cedis, Kenyan Shilling on Mobile App

The first international Global Crypto bank, Xend Finance, just...

N1bn Debt: Nigerian Braiding Firm to Continue Operations– AMCON

Contrary to some sponsored fake news regarding the fate...

Maintaining Banking System Safety amid the COVID-19 Crisis

By Tobias Adrian & Aditya Narain Today we face economic...

Stanbic IBTC PMI: Private Sector Continues to Expand, Intense Cost Pressure Weighs on Growth

Nigeria's private sector concluded the third quarter of 2021...

usCBN, IFC Partner on Access to Credit, Financial Inclusion

A lack of adequate collateral is preventing many of...

Kano Residents Benefit from Fidelity Food Bank Initiative

Over 1,500 residents have benefited from a Fidelity Food...