The Nigerian Insurers Association (NIA) has called on the National Insurance Commission (NAICOM) to implement the industry’s 10-year developmental plan before the end of the second quarter of the year.
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The NIA emphasized the importance of this plan in driving growth and innovation within the insurance sector, as well as ensuring the protection of policyholders. They highlighted the need for NAICOM to provide clear guidelines and support to insurance companies in order to successfully implement the plan. The NIA also urged for increased collaboration between regulators, stakeholders, and industry players to achieve the goals set out in the developmental plan. Overall, the NIA remains optimistic about the future of the insurance industry in Nigeria and believes that the successful implementation of this plan will lead to a more robust and sustainable sector.
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