The National Insurance Commission has urged industry stakeholders to prioritise regulatory adherence to realise new agenda of increasing insurance penetration and ensuring efficient prompt claims settlements in Nigeria.The National Insurance Commission has urged industry stakeholders to prioritise regulatory adherence to realise new agenda of increasing insurance penetration and ensuring efficient prompt claims settlements in Nigeria.
Omosehin assured the underwriting companies of the commission’s plans to revisit the placement of insurance business adverts for greater visibility and awareness, saying NIA is establishing a claims payment committee to facilitate prompt settlements, while the regulatory body is enforcing insurance for public buildings and construction projects to ensure safety, even as it is set to enhance collaboration with government agencies for regulatory efficiency.
They required NAICOM’s support for NIA’s claims payment committee to be established, which would help facilitate prompt settlements. As we host leaders across the globe to drive transformational leadership with The Magic of Emotional IntelligenceTM in Mombasa, Kenya The liquidity crisis in the Nigerian power sector has worsened with generation companies receiving 4.68 per of their monthly i