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

WEF: 10 Emerging Technologies to Power Cleaner, More Secure Energy Future

As world leaders gather at COP31 to advance global...

Afreximbank, DBN Partner on $75m Facility to Fund Nigeria’s Creative Exporters

The African Export-Import Bank (Afreximbank) has agreed to provide $75...

Nigeria, EU Ink Deal to Repatriate lllegal Migrants from Europe

Nigeria and the European Union signed an agreement on...

Stanbic IBTC Champions Women’s Empowerment, SME Growth at Bloom Weekend 2026

Stanbic IBTC is set to bring women together for...

Open Alliance Condemns Detention of FIJ Journalist, Daniel Ojukwu, Demands His Immediate, Unconditional Release

Open Alliance strongly condemns the continued detention and prosecution...

Topics

Stanbic IBTC Bank Nigeria PMI: Private Sector Growth Quickens in April

Marked and accelerated expansions in output and new orders...

NCC Summons GLO, Suspends Promotion

The Nigerian Communications Commission (NCC) has summoned he management...

Stanbic IBTC Reward4Saving Promo Season 3: More Winners Emerge

In another round of Stanbic IBTC Reward4Saving 3.0 promo...

The Alternative Bank Backs Nigeria Cup 2024 as Lead Sponsor with Ikoyi Golf Club

The Alternative Bank, a pioneering, specialised, and non-interest finance...

Ecobank Nigeria Unveils Special Loan Package for Female Entrepreneurs

Ecobank Nigeria has unveiled a special loan package for...

Solvency II Has Cost UK Insurers £3bn – Report

UK insurers have spent more than £3 billion implementing...

NDIC Management Visits Minister of State, Finance in Abuja

The Management of the NDIC led by the MD/CE...