NAICOM Issues Regulatory Sandbox, Takaful Market Conduct, ERM Guidelines

The National Insurance Commission as part of its strategic objective to drive innovation of products and services, ensure operators are professional in the conduct of their businesses in line with best practices, recently issued the following guidelines:

  • Insurance Regulatory Sandbox Operational Guidelines
  • Market Conduct Guidelines for Takaful and Retakaful Insurance Operators
  • Enterprise Risk Management Framework for Takaful and Retakaful Operators in Nigeria.

The Commission expects all Operators to ensure compliance with the new guidelines to the benefit of all stakeholders. Attached are the various guidelines for your necessary action. 

‘Rasaaq ‘Salami

Head, Corporate Communication and Market Development

For: Commissioner for Insurance

Hot this week

Is Investing for Me? Rethinking Who the Stock Market is Actually Built For

  By Robinson Kolawole "Investing is not for someone like me."...

CIIN Boss, Yetunde llori, Bows Out, Lists Achievements in Office

Mrs. Yetunde llori, the President/Chairman of Council, Chartered Insurance...

WorldStage Business Forum Q2 2026: Prof. Baale Makes Case for Building World-class Nigerian Corporate Culture

L-R: Mr. Segun Adeleye, President/CEO, World Stage Limited; Prof. Lere...

Insurance Brokers Reaffirm Commitment to Local Content, Digital Innovation at SUPERNEWS Conference

Deputy President of the Nigerian Council of Registered Insurance...

Topics

NEXIM, CBN Unveil N550bn Non-Oil Export Growth Schemes

The Nigerian Export-Import Bank and Central Bank of...

Linkage Assurance Reports N573m PAT in 1st Half 2019

Linkage Assurance Plc has recorded a 16 percent growth...

Sovereign Trust Insurance Holds 29th AGM in Lagos

The Chairman of Sovereign Trust Insurance Plc, Oluseun O....

NAICOM Chief, Segun Omosehin, Pays Courtesy Call on Ondo State Governor in Akure

The Commissioner for Insurance/CEO, National Insurance Commission (NAICOM), Mr....

Financial Services Innovators Partners FUT Minna to Launch Virtual Innovation Lab

Financial Services Innovators (FSI), a not-for-profit organisation in Lagos...

Verve Rewards 1,250 Customers in ‘Good Life’ Promo

L-R; Morolake Dairo; Product Marketing Manager, Verve Digital Tokens...

Gobet247: New Betting Platform Launches in Nigeria, Promises Exciting Rewards

The burgeoning betting industry will inevitably experience an intense...