Thursday, November 13, 2025
25.1 C
Lagos

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.

spot_img
spot_img
spot_img

Hot this week

COP30: Green Digital Action Hub to Accelerate Innovation for a Sustainable Future

A coalition of international partners announced the creation of...

FG Reassures Investors, Pledges Balanced Capital Gains Tax Outcomes as NGX Lists MREIF

Nigerian Exchange (NGX) today hosted the Minister of Finance...

Polaris Bank Wins MSME Digital Bank of the Year Award for Inclusive Growth

L-R: Ladi Ene Garba, Head, Commercial Banking, Polaris Bank;...

Fidelity Bank Extends Lifeline to Makoko Community

L-R: Proprietor, Part of Solution School, Makoko, Prince Shemede...

Financing: Challenges Businesses Face During Credit Risk Assessment

By Abimbola Adegbite In a developing economy such as Nigeria,...

Topics

US Seeks Probe of AfDB’s President, Adesina over Ethics Allegations

  The United States of America (USA) through its Department...

American Financial Group to Exit Lloyd’s

American Financial Group has reached a deal to unload...

Sovereign Trust Insurance Records 20% Growth in GPW in 2022

  Sovereign Trust Insurance Plc, (the Company) recently released its...

AMCON: Abba Kyari Was a Courageous, Patriotic Nigerian

  The Managing Director/Chief Executive Officer, Asset Management Corporation of...

Insurance PR Managers Seek Growth Path for Sector

Corporate affairs managers of insurance companies in Nigeria under...

Why Women are Driving Rethinking of the Sales Model (2)

When you recognise that women are not just the majority but actually the vast majority of consumers, and that their power is only going to increase, it completely changes the commercial urgency of getting to grips with women buyers.’ In a day and age when everyone can buy almost anything from anywhere, the “feelgood” factor at every customer touchpoint has never been more important. Youth is Not What it Appears to Be While many marketers still seem obsessed with talking to Gen X and Y consumers, and still think of them as the longest term market worth tapping, the most powerful women financially are often past their youth.

Sovereign Trust Insurance Reports N11bn Gross Premium, Holds AGM Oct 22

Mr. Olaotan Soyinka Managing Director/CEO Sovereign Trust Insurance Plc Sovereign Trust Insurance...
spot_img

Related Articles

Popular Categories

spot_imgspot_img