The National Insurance Commission (NAICOM) says its operations will migrate from manual to online via the NAICOM Portal effective today, September 1, 2021.
In a directive to insurance institutions in the country, Mr. Leonard M. Akah, the Director, Policy & Regulations at NAICOM said the move is to enhance efficient and effective service delivery of the Commission’s operations.
The directive said the Commission will transit from manual to online processing and all operational activities or issues concerning insurance institutions that requires the Commission’s attention, comment and approval will be submitted and processed via the NAICOM Licensing System.
‘Consequently, all insurance institutions are required to align their operations to the NAICOM Portal for submission and processing of all requests such as Certificate of Registration/Renewal, Approval-in-Principle (AIP), Product Authorisation, Micro Insurance, Takaful Insurance, Letter of Request, Financial Statement Approval, Enforcement Actions, Governance and Complaint issues etc.’
The Commission made it clear that no manual submission/request would be entertained with effect from Wednesday, September 1, 2021.
