NAICOM urged to prioritise insurance sector reforms implementation

A nationalist affairs expert and accountability advocate, Aminu Abubakar Aminu, has urged the National Insurance Commission, NAICOM, to stay focused connected the implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025.

He made this disclosure successful a connection connected Sunday.

According to him, NIIRA has ushered successful a caller signifier of improvement for the country’s security sector.

He described the authorities arsenic a large measurement towards addressing longstanding challenges successful the security industry.

“The enactment of the Nigerian Insurance Industry Reform Act is simply a important milestone successful the improvement of Nigeria’s security sector. NIIRA provides the instauration for an security assemblage that is amended capitalised, much accountable, much responsive to policyholders and amended equipped to lend meaningfully to the Nigerian economy,” helium said.

“The aboriginal developments nether NIIRA show that the betterment is not simply a legislative workout but a process susceptible of producing measurable improvements successful the industry. Stronger superior requirements, improved supervision and greater attraction to policyholder extortion volition yet make an security marketplace that Nigerians tin trust.

“We promote NAICOM to stay focused connected the implementation of the Act and to proceed providing wide guida...