Mr. O. S. Thomas
Commissioner for Insurance
National Insurance Commission (NAICOM)
The National Insurance Commission (NAICOM) has signified its intention to digitally transform the insurance in Nigeria via its 24/7 portal in line with growing trends around the world, especially as a fallout of the COVID-19 pandemic on virtual business processes.
Mr. O. S. Thomas, the Commissioner for Insurance, NAICOM, in remarks at a seminar for insurance journalists in Uyo, Akwa Ibom State, said the portal which was in the making for a period of six years was ready to pilot the Commission and the insurance sector to a new level of market experience in the current digital era.
“We will be looking at the digital world. Part of what we have done so far is the fact that our portal that was on the drawing board for over six years has been fixed. It is taking us from where we are to the next level. We have sensitised the technical people in the industry and they have been going through series of trainings. The next thing we are going to do is to engage the industry with IT guidelines. It is no longer going to be historical reporting.It is not by coincidence that we are having this conference today that we are marking 60th anniversary as a nation. We want to be seen the way we are so we know where to make amends. NAICOM is an agency of the Federal Government and has the responsibility to make some impact on the economy. We will continue to relish the president’s appreciation of the industry.”
He added that NAICOM is ever ready to provide the needed information to its stakeholders, including the media. “If there is a need for change, let us know and if there is a need for me to explain, I will not hesitate to do that. We have challenges ahead of us but we are determined to overcome those challenges. We try as much as possible to let investors, government and stakeholders into our programmes. The terrain is tough but we are determined to succeed. Nigeria is not by accident the largest economy in Africa. We must take advantage of the population. There are a lot of things to fast track the process. The digital world will drive regulation“
