By Bisi Bamishe
The National Insurance Commission (NAICOM) has charged insurance operators to ensure they comply with the new guidelines to the benefit of all stakeholders in the risk bearing industry.
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, NAICOM recently issued three guidelines.
The guidelines are ; Insurance Regulatory Sandbox Operational Guidelines, Market Conduct Guidelines for Takaful and Retakaful Insurance Operators as well as Enterprise Risk Management Framework for Takaful and Retakaful Operators in Nigeria.
According to the press release signed by Rasaaq Salami Head, Corporate Communication and Market Development of NAICOM on behalf of the Commissioner for Insurance, Mr SundayThomas, the Commission expects all operators to ensure compliance with the new guidelines to the benefit of all stakeholders.
