Insurance News

Local Insurance News

NIA Governing Council Visits NAICOM

The Commissioner for Insurance/CEO, Mr. Segun Ayo Omosehin, and his management team welcomed members of the Governing Council of the Nigerian Insurers Association (NIA) led by the incoming Chairman, Mr. Kunle Ahmed, who paid a courtesy visit to the National Insurance Commission (NAICOM) on Thursday, May 9, 2024 in Abuja.

During the meeting, the NIA incoming Chairman extended congratulations to the recently appointed Executive Management and expressed gratitude to the Commission for its pivotal role in maintaining a fair and stable insurance sector. He emphasised the importance of initiating the implementation of the 10-year strategic plan and finalising the consolidated insurance bill. Furthermore, he expressed willingness to collaborate with the new Executive, expressing confidence in their ability to elevate the insurance sector to greater heights.

The NIA delegation was briefed on the Commission’s ongoing review of its strategic plan to align it with the Nigerian insurance industry’s 10-year strategic plan.

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Local Insurance News

Bola Tinubu Appoints New NAICOM Board

President Bola Tinubu on Friday 19th April approved the appointment of the board of the National Insurance Commission (NAICOM), naming, Olusegun Omosehin, the commissioner for Insurance/CEO of the regulatory body.

To work with him at the top of the management of the Commission is Ekerete Ola Gam-Ikon, the new deputy commissioner for Insurance (Technical) and Usman Jankara, the new deputy commissioner for Insurance (Finance and Administration).

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Local Insurance News

House of Reps Reaffirms Support for Insurance Industry Growth

The Nigerian Insurers Association (NIA) has bagged assurance and positive support from the House of Representatives.

The assurance was given when the leadership of the Association visited the Chairman of House Committee on Insurance and Actuarial Matters of the House of Representatives, Honourable Ahmed Jaha, in Abuja.

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Local Insurance News

Insurance Industry Embraces New Partnership To Promote Insurance Business

Operators in the insurance industry have announced a new partnership agreement that is tailored toward building bridges to enhance business development that will help deepen insurance.

The Insurance Meets Tech Conference 2023 (IMT 2.0), held on September 28 and 29, 2023, at the Civic Centre in Victoria Island, Lagos, marked a significant milestone in Nigeria’s insurance and insurtech sectors.

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