NAICOM unveils digital portal to launch industry to globally accepted standard

In a good determination to drive the nation’s insurance industry to globally accepted insurance standard, The National Insurance Commission (NAICOM) has rolled out digital platform to drive the process in the country.

The postal which has been in the works for the past six years, was concluded recently as part of the ongoing reforms by the current management of the commission.

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The Commissioner for Insurance, Mr. Olorundare Sunday Thomas, disclosed this at the weekend during a seminar organized for Insurance journalist in Jul, Akwa Ibom State, said over time, the management has been able to stabilize the Commission through the Co-operation of staff.

He said: “It is not by coincidence that we are having this conference today that we are marking 60th anniversary as a nation. “We want to be seen the way we are so we know where to make amends. NAICOM is an agency of the Federal Government and has the responsibility to make some impact on the economy. We will continue to relish the president’s appreciation of the industry.”

Acknowledging that the investment climate was tough, he said, the commission was determined to make a difference as there will be no hindrance to information dissemination.

“If there is a need for change let us know and if there is a need for me to explain I will not hesitate to do that. We have challenges ahead of us but we are determined to overcome those challenges. We try as much as possible to let investors, government and stakeholders into our programmes.

“The terrain is tough but we are determined to succeed. Nigeria is not by accident the largest economy in Africa. We must take advantage of the population. There are a lot of things to fast track the process. The digital world will drive regulation,” he pointed out.

Speaking on the commission’s rededication towards driving the Compulsory Insurance policy, he said it was not enough to sit in Abuja and expect the process to succeed.

He said it was on this ground he took out time recently to visit the Chairman of Nigerian Governors’ Forum (NGF) and Ekiti State Governor, Mr. Kayode Fayemi, to prevail on his colleague governors to assist in driving the compulsory insurance policy.


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