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

How Mobile Banking Makes Everyday Transactions Easier

Mobile banking is changing how Nigerians manage money, pay...

AXA Mansard Holds 34th AGM in Lagos

General Counsel/Human Resources Director, AXA Mansard Insurance Plc, Omowunmi...

Mutual Benefits Advocates Insurance-Led Resilience at UNILAG Research Conference

  MD/CEO, Femi Asenuga, representing Group Chairman Dr. Akin...

Ex-PenOp CEO, Oguche Agudah, Tasks Pension Operators on SCOPE Concept Post- Recapitalisation

As pension sector operators continue to race towards meeting...

Ex-NAICOM Boss, O.S. Thomas to CHAIR Business Journal Insurance & Pension Roundtable 2026

Mr. Olorundare Sunday Thomas, former Commissioner for Insurance/CEO, National...

Topics

Buhari Commends Insurance Sector on Free Insurance Cover for Frontline Workers

  President Muhammad Buhari has commended the insurance sector for...

NGX Admits Aradel Holdings to Main Board, Boosts Market Capitalisation by N3.05tn

Aradel Holdings Plc, an integrated energy company, listed 4.34...

Ukraine’s Economy to Shrink by 50% in 2022-World Bank

Ukrainian refugees on Lviv railway station waiting for train...

Sterling Bank Again Wins Overall Best Workplace in Nigeria Award

  Sterling Bank Limited has again emerged as the 2022...

‘Join Africa50 to lay Foundations for a More Prosperous Africa’, Says AfDB

African governments must explore innovative technologies to drive transformation...

Red Star Express Appoints New EDs, MDs for Subsidiaries

In its bid to offer more comprehensive logistics solutions...

As Construction Risks Rise, Insurers Seek New Learning Tools to Remain in Business

Mr. Tope Smart Immediate Past President African Insurance Organisation (AIO) & Group...

THE RIGHTS OF WORKERS UNDER THE CONTRIBUTORY PENSION SCHEME

On July 1, 2014 the Pension Reform Act 2014 or “the Act” was enacted into...