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

CBN Grants JPMorgan Approval-in-Principle to Establish Merchant Bank in Nigeria

The Central Bank of Nigeria (CBN) has granted Approval-in-Principle...

Cardoso Engages Business Leaders on Strengthening Nigeria–China Financial Corridor

The Central Bank of Nigeria (CBN) convened a high-level...

UBA Commences Contempt Proceedings Against WEMPCO Directors over Alleged Disobedience of Court Order

Mr. Lewis Tung and his brother, Robert Tung The Federal...

$242m Petroleum Products Diversion Claim: UBA Secures Court Order Against Vitol, Four Others

A Lagos State High Court has granted interim preservative...

Heirs Insurance Group Wins Prestigious Financial Times–World Bank Group Africa Sustainable Futures Award

L-R: Chinwe Binitie, Co-Head of Partnerships, World Bank Group’s...

Topics

Mark Zuckerberg: The Future of Facebook is Telepathy

Mark Zuckerberg just dropped a big clue about Facebook's future. The social network's founder and CEO believes that one day, we'll be able to share our thoughts directly -- brain to brain --using technology. "You'll just be able to think of something and your friends will immediately be able to experience it too if you'd like," Zuckerberg said. "This would be the ultimate communication technology." He made his comments during a public Q&A session on hisFacebook (FB, Tech30) page on Tuesday afternoon. The response was addressed to a user who asked about Facebook's long-term plans. In the past decade, the company has expanded the way users communicate on the platform. First there were plain profile pages. Next came comments, and then the Wall, Likes, Groups and News Feed.

FBN Insurance, LASPEC Win Inspenonline Awards

Inspenonline Media has given awards to seven insurance firms,...

Lagos Shopping Festival 2O15 Set for Dec. 17

The maiden edition of Lagos Shopping Festival 2O15 is set for December 17, 18 and 19 at Tafawa Balewa Square [TBS], Lagos. The theme is: ‘Reinventing the Nigerian Economy via Non-oil Export.’ A statement by Prince Cookey, CEO, Lagos Shopping Festival 2O15, says the Festival is a bargain opportunity for shoppers and business opportunity for corporate organisations to showcase their products and services in the December shopping season. “December is undoubtedly the NO 1 shopping season in Nigeria. The Festival would be a showcase of consumer goods, financial/insurance services, machinery, automobile and food etc. The essence is to provide consumers the unique opportunity of shopping for a wide range of goods and services at bargain prices while enjoying rare combination of music and entertainment at the venue.”

African Union, IATA Sign MoU on Air Transport

The International Air Transport Association (IATA) and The African...

NNPC Chief Emphasises Role of Gas in Driving Economic Growth, Industrial Development

  Representative of the GCEO, NNPC Limited and Head of...

Women Entrepreneurs in Nigeria to Benefit from Directory of Business Support Organisations

Segun Awolowo Executive Secretary/CEO Nigerian Export Promotion Council (NEPC) A significant barrier...

NPHCDA: Population Immunity Behind Vaccine Mandate for Civil Servants

By Tajudeen Kareem Dr. Faisal Shuaib Executive Director/CEO National Primary Health Care...

3 Ways Small Businesses Need AI to Drive Business Growth

  Almost everywhere you look today, the use of Generative...