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NAICOM, Governors’ Forum Partner on Insurance Penetration

L-R: Barineka Thompson, Director, Supervision; Mr. George Onekhena, Deputy Commissioner, Finance and Administration; Mr. Sunday Thomas, Deputy Commissioner, Technical; Mr. Oba Olufemi, Director, Finance & Accounts and Dr. Habila Amos, Director, Research, Statistics & Corporate Strategy, all of the National Insurance Commission (NAICOM) at a seminar organised by NAICOM for Insurance Journalists in Benin, Edo State, at the weekend.

The National Insurance Commission (NAICOM) says it will leverage on the Nigeria Governors’ Forum (NGF) to deepen penetration of insurance in Nigeria.

Mr. Sunday, Thomas, Deputy Commissioner  at NAICOM said at a NAICOM Seminar for Journalists in Benin-City, Edo State that the drive to engage the NGF is meant to take insurance awareness and penetration to every part of the country within the shortest possible time.

“This year, we are looking at penetration, which gives NAICOM an ample opportunity to deepen the market and sustain past achievements of the Commission in the industry. We are getting into the second phase of the Market Development and Restructuring Initiative (MDRI) to leverage on the achievements of the first phase. We are also leveraging on the Nigeria Governor’s Forum to reach every state of the Federation.”

He listed the objectives of the second phase of MDRI as collaboration with sister organizations, enhancing market distribution channels and financial inclusion.

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