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

emPLE Bolsters Capital Capacity, Customer Confidence after Securing NAICOM Recapitalisation Mandate

emPLE Nigeria has strengthened its capital position following the...

T+1: SEC Insists on 5pm Settlement Deadline for Equities, Commodities on CSCS Platform

The Securities and Exchange Commission (SEC) has fixed 5:00...

Tinubu: Refineries Will Return to Deliver Profit, Welcomes Support by NUPENG

President Bola Ahmed Tinubu said in Abuja refineries will...

NRS Chair: Report of $279m Frontier Exploration Fund Transfer is Fake News

The Executive Chairman of the Nigeria Revenue Service (NRS),...

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

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

Topics

Chain Reactions Africa Names Franklin Ozekhome as Executive VP, Strategy & Innovation

As part of its digital transformation programme, Chain Reactions...

Saraki’s Albatross: The Need to Sheath Animosity

When the 2015 general elections were approaching, the ruling All Progressive Congress (APC) preached and campaigned transformation and transition from the status quo that the former ruling People’s Democratic Party (PDP) used in administering the affairs of the nation for nearly two decades. The APC clamoured for substitution of the then state of affairs. They adduced reasons why it was good for Nigeria to make the 2015 election and its aftermath different in some particular ways, without permanently losing former characteristics or essence of nationhood to replace what they described as slow pace of development which is change.

NIIRA Strengthens Insurance Framework to Enhance Contribution to GDP

L-R:  Head of Operations, Parthian Pensions Limited, Mr. Adetunbi...

STI CEO, Soyinka, Lauds Nigerian Workers on May Day

As the world marks this year’s edition of Workers’...

Bank Fraud Threatens CBN Cashless Policy

Researchers at the University of Ibadan have warned that...

FirstBank, NLNG, Shell Back QEDNG Creative Powerhouse Summit

First Bank of Nigeria has joined forces with Mighty...

Business Journal 10th Anniversary Lecture/Awards June 7

The Board and Management of Business Journal (online-magazine-newspaper-) have...