NAICOM Seeks Strong Institutions, Collaboration in Insurance Sector

The Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, who was represented by the Deputy Commissioner, Mr. Ekerete Olawoye Gam-Ikon, attended the 2024 Nigeria Council of Registered Insurance Brokers (NCRIB) CEO’s Retreat held from June 13-15, 2024 in Uyo, Akwa Ibom State. The retreat was themed “Building Institutions That Survive Their Promoters.”

In delivering the goodwill message, the Deputy Commissioner emphasised that in today’s rapidly changing world, the concept of building enduring institutions is more relevant than ever. Institutions that outlive their founders represent sustainability, resilience and continuous excellence, becoming pillars of strength for our communities and guiding us through times of change and uncertainty.

He further noted that at NAICOM, there is a deep commitment to creating lasting legacies. This commitment is built on robust governance, innovation, and an unwavering dedication to ethical practices. These principles not only ensure the longevity of institutions but also foster trust and confidence among stakeholders.

The Deputy Commissioner highlighted the crucial role insurance brokers play in this endeavour. As intermediaries who facilitate critical financial protection, brokers are instrumental in promoting stability and security whose efforts contribute to a safer and more predictable environment for businesses and individuals alike. He expressed confidence that the discussions and insights shared during the retreat would illuminate strategies and best practices to ensure that the institutions built today will thrive for generations to come.

In conclusion, he urged everyone present to use the opportunity to collaborate, learn from each other and reinforce the insurance industry’s collective mission to create a sustainable future.

Hot this week

Rethinking How Nigeria Supports SME Growth

  By Olajumoke Bello Head, Enterprise Banking Stanbic IBTC Bank Across Nigeria, small...

Customers Applaud Mutual Benefits as Insurer Pays Over ₦3.9bn in Claims

Mutual Benefits Assurance Plc has reaffirmed its unwavering commitment...

FG: Local Content Must Create Value for Nigerians

By Olu Verheijen For twenty-five years, NOG Energy Week has...

NAICOM Boss, Segun Omosehin, Extols Yetunde Ilori’s Leadership at CIIN, Reaffirms Commitment to Institute

L-R: Mr. Ekerete Ola Gam-Ikon, Deputy Commissioner, Finance and...

NAICOM Holds One-Day Training for Police Officers on Compliance with Compulsory Insurance Policies

The National Insurance Commission (NAICOM) has organised a one-day...

Topics

JUSTUS URANTA: From Insurance CEO to His Royal Highness

Dr. Justus Clinton Uranta, the immediate past Group Managing...

Tinubu Lauds Petrobras’ Imminent Return as Nigeria, Brazil Ink MoUs to Boost Economic Ties

President Bola Tinubu on Monday welcomed Petrobras's imminent return...

Samsung Launches QLED TV 2018 Edition into Nigerian Market

Samsung Electronics West Africa has launched its newest and...

Fidelity Bank Extends Relief Efforts to Eti-Osa Community with Food Bank Initiative

Henry Asiegbu, Divisional Head, Operations, Fidelity Bank Plc (Left);...

NCC CEO, Danbatta, Bags Award for Exemplary Leadership in Public Service

The Executive Vice Chairman and Chief Executive Officer of...

Sovereign Trust Insurance Reports 45% Revenue Rise in Q2 2025

Sovereign Trust Insurance Plc has shown a consistent rise...

Nigeria’s GDP Projected on 7% in Coming Decade

The growth projection of Nigeria could lift to 6-7 per cent in the coming decade on the plank of growth-friendly policies by successive governments in the country. This is one of the key findings from a report from PricewaterhouseCoopers( PwC) economists on The World in 2050: Will the Shift in Global Economic Power Continue?

Ethiopian Airline Plans 15 Boeing 777-8s for Fleet

Ethiopian Airlines plans to buy between 10 and 15...