The Federal Government is exploring synergies with the State Governors and Houses of Assembly to domesticate insurance laws for better compliance.
This is part of the ongoing initiatives of the National Insurance Commission (NAICOM) spearheaded by the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin.
Speaking shortly after the 2nd Meeting of the Insurance of Public Buildings and Buildings Under Construction Committee on Tuesday in Abuja, the Deputy Commissioner for Insurance, Mr. Ekerete Ola Gam-Ikon, who serves as the Committee Chairman, said, similar policies would be replicated in other jurisdictions to sensitise the stakeholders on the importance of adherence to compliance with compulsory insurances.
“The day’s deliberations focused on identifying and exploring synergies with stakeholders, liaising with State Governors and Houses of Assembly to domesticate insurance laws for better compliance, researching similar policies in other jurisdictions, and sensitizing stakeholders on the importance of adherence to compliance with compulsory insurances”, he said.
While welcoming the committee members representing various stakeholder institutions, the Deputy Commissioner for Insurance, emphasized the importance of the committee’s national assignment: developing a methodology to ensure compliance with the insurance of public buildings and buildings under construction, with the aim to enhance the uptake of insurance in these sectors.
