The National Insurance Commission (NAICOM) has expressed commitment to supporting the growth of insurance entities in the country
The Commissioner for Insurance, Olusegun Ayo Omosehin, said this in Abuja on Tuesday at the handing over of new operating licenses to SanlamAllianz Life and General Insurance Nigeria Ltd.
Omosehin emphasized the Commission’s commitment by ensuring strict compliance with regulatory requirements.
He urged the companies to prioritize good corporate governance, stability, and timely claims settlement processes.
The Commissioner reiterated NAICOM’s dedication to removing unnecessary bottlenecks and improving the insurance industry’s overall performance.
He expressed confidence that the merger by the two entities would enhance the companies’ capabilities and contribute to the industry’s growth.
