Insurance Industry Shifting To Tech-driven Services – FITC

  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 77%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Managing director/CEO FITC, Chizor Malize, has asserted that globally, the insurance landscape is undergoing a paradigm shift.

She said for businesses to succeed in maintaining economic and social relevance, key players needed to partner in offering innovative solutions for new and emerging risks.Other faulty members at the event include Dr. Emmanuel Meribole Permanent Secretary, Service Policies & Strategies, Office of the Head of the Civil Service of the Federation ; Engr.

Major issues discussed at the workshop include driving industry transformation through technology and innovation; role of board in driving policies, standards and reforms, best practices for the regulation and supervision of corporate governance, among others. Addressing the roles and responsibilities of the board in procurement, Engr. Ishaq Yahaya, Director, Compliance, Certification & Monitoring, Bureau of Public Procurement revealed that procurement needs to be done with the expected level of compliance and appropriation.

“When public service organisations become agile, it enables new ways of working across policy, regulatory and service delivery. Agility protects the government from disruption” he said. The board retreat was aimed at equipping the NAICOM board with the requisite knowledge needed to successfully navigate the increasingly complex and dynamic insurance landscape, the current and emerging business terrain, and its change dynamics, and provide an understanding of the global insurance industry trends and their implications for the board’s regulatory oversight role and supervisory practices.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nigeria’s insurance industry lacks strong regulations –ExpertIn this interview with EDIDIONG IKPOTO, the Group Chairman of Mutual Benefits Assurance Plc, Akin Ogunbiyi, speaks on some of the challenges hindering the growth of the insurance industry in Nigeria This is true, however it's a growing industry, i believe it'll continue to evolve and be better.
Source: MobilePunch - 🏆 8. / 63 Read more »