Insurers Seek Implementation Of Insurance Sector 10- year Strategic Plan

THE Nigerian Insurers Association ( NIA) has demanded speedy finalisation of the Consolidated Insurance Bill and the implementation of the industry’s 10 year strategic plan.

The NIA made this presentation when its governing council led by the incoming Chairman, Mr. Kunle Ahmed, paid a courtesy visit to the National Insurance Commission ( NAICOM), who was received by the Commissioner for

Insurance/ CEO, Mr. Segun Ayo Omosehin.

During the meeting, the NIA incoming Chairman extended congratulations to the recently appointed executive management, expressing 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 ten- 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 ten- year strategic plan.

The commissioner for insurance assured of continued collaboration with the NIA to safeguard consumer rights, particularly in ensuring the prompt settlement of genuine claims.

In his remarks, he affirmed the executive management’s ambition to drive growth in the Nigerian Insurance Market.

The meeting showcased a collaborative spirit between NAICOM and NIA, highlighting a shared commitment to advancing the insurance sector and protecting the interests of consumers.