In a bid to foster collaboration and drive growth in the insurance sector, the new Commissioner for Insurance (CFI), Mr. Olusegun Omosehin expressed his commitment to building a robust and stable insurance sector that prioritizes the protection of policyholders and the beneficiaries of insurance policies in general. He stated this during his visit to the NIA Secretariat to meet with all the CEOs of insurance companies in the industry.

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.

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).

Stakeholders have affirmed that in a country like Nigeria, where socio-political challenges often intersect with economic uncertainties, the insurance industry can play a vital role in safeguarding the interests of individuals, businesses, and the nation as a whole.

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.