The National Insurance Commission as part of its strategic objective to drive innovation of products and services, as well as, ensure operators are professional in the conduct of their businesses in line with best practices, recently issued three operational guidelines to regulate the industry.
In a press release by the Head, Corporate Communication and Market Development, Mr. Razaaq Salami, the Commission said that the guidelines are 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.
The guidelines include: Insurance Regulatory Sandbox Operational Guidelines, Market Conduct Guidelines for Takaful and Retakaful Insurance Operators and Enterprise Risk Management Framework for Takaful and Retakaful Operators in Nigeria.
“The Commission expects all Operators to ensure compliance with the new guidelines for the benefit all stakeholders.”
Emmanuel Ukoh
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