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

Stanbic IBTC Reinforces Capital Markets Leadership Through Dangote Refinery IPO

Stanbic IBTC Holdings Plc has reinforced its position as...

CBN Bags NES Distinguished Organisation Award for Economic Reforms

The Central Bank of Nigeria (CBN) has received the...

Leadway Assurance Backs ISSP Initiative to Deepen Insurance Penetration, Consumer Trust

Leadway Assurance, Nigeria’s leading insurance services provider and a...

RMB Nigeria Advises on BOI’s N274.18bn Domestic Bond Issuance

L-R: Head, Debts Capital Markets, RMB Nigeria, Laju Atake;...

LG Electronics Highlights Seven Home Appliances at IFA 2026

As routines and lifestyles evolve across Europe, consumers are...

Topics

World Bank, Others Commit $1.3bn to Tackle Illegal Wildlife Trade in Africa

The Global Wildlife Program has released the first-ever review of international...

Red Star Express Posts N6.6bn Turnover

A leading logistics Company, Red Star Express Plc has...

Pantami Tasks Danbatta, NCC on Digital Economy

Following the reappointment of Prof. Umar Garba Danbatta as...

Union Bank: Cardoso’s Remarks at MPC Meeting Aligns with Our Recapitalisation Journey

Union Bank of Nigeria has issued a statement reaffirming...

Global Reinsurers Adjust as Traditional Risks Take Unpredictable Patterns

  Although the global reinsurance industry has been able to...

Onigbogi Steps in 2nd NCRIB President

History is to be reenacted in the Nigerian Council...

AfDB Unveils 1st Africa-to-Africa Investment Report

Opportunities for investment in Africa outweigh the obstacles, according...

NDIC Receives Award for Support to FICAN, Financial Journalism

L-R: NDIC's Director, Communication & Public Affairs, Mr. Bashir...