The National Insurance Commission and the Lagos Chamber of Commerce and Industry have said there is a need for investments that will increase insurance penetration and prepare the industry for the future.
At the event, which held virtually and was widely attended by stakeholders in the financial sector, the Commissioner for Insurance, Mr Sunday Thomas, said NAICOM was putting in measures in place to boost insurance penetration and prepare the industry for the future. “I think all these are pointers that we are ready for the future because we know that what we are doing now presently, both as operators and regulators, will not take us so far.”
How will NAICOM seek investment to drive insurance growth in Nigeria when insurerance companies would refused to pay after three years of termination of policy. Worst still they've continued to display obsolete phone numbers on their website, making it difficult for complainants