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

Former CFI: Regulatory Concession on Recapitalisation Will Undermine Integrity of the Process

The former Commissioner for Insurance/CEO, National Insurance Commission (NAICOM),...

Terrorism: SEC Directs Capital Market Operators to Freeze Assets of 9 Financiers

The Securities and Exchange Commission (SEC) has directed capital...

NAICOM: Seven Additional Insurers Have Met Recapitalisation Deadline

  emPLE General Insurance Limited emPLE Life Assurance Limited ...

The NGX Engagement with Hong Kong Exchanges to Deepen Cross-Border Partnership

Dr. Umaru Kwairanga, the Group Chairman, Nigerian Exchange Group...

Sovereign Trust Insurance Earns Recapitalisation Mandate from NAICOM, Reaffirms Market Leadership

Dr. Lucas Durojaiye Managing Director/CEO Sovereign Trust Insurance Plc Sovereign Trust Insurance...

Topics

Kyari Seeks Academia-Industry Collaboration for Energy Sufficiency, Sustainability

The GCEO, NNPC Limited, Mr. Mele Kyari honoured with...

NAICOM: Seven Additional Insurers Have Met Recapitalisation Deadline

  emPLE General Insurance Limited emPLE Life Assurance Limited ...

AITEO Wins Big in Court Against Money Laundering Charges

The High Court sitting in the Federal Capital Territory,...

Akon says Singing Has Given Him a Platform to Promote Africa

622m Africans Lack Electricity Unveils Akon Lighting Africa Initiative Grammy-nominated hip-hop artist Akon says being a successful entertainer has given him a platform to pursue his dream of helping Africa grow and prosper. The performer, songwriter and producer was born in the U.S. of Senegalese parents and reared in both countries. He started an initiative called "Akon Lighting Africa" two years ago with a goal of bringing electricity to a million homes by the end of 2014. Click here to make a lazy tweet.

Qatar Airways Cancels $5.3bn Airbus A320 Order over Delays

Qatar Airways has canceled the delivery of the first...

Africa Telecom, Finance Leaders Assess Digital Investment Opportunities

Leaders from Africa's biggest telecom investment companies including MTN,...

NCC Management Hosts ATCON EXCO on Courtesy Visit

L- R: Abraham Oshadami, Executive Commissioner Technical Services, Nigerian...