The Management of the National Insurance Commission (NAICOM) and the Ministry of Marine and Blue Economy has expressed willingness to collaborate for the effective implementation of Marine insurance policies.
This formed part of the resolutions reached when the Commissioner for Insurance, Mr. Olusegun Omosehin paid a working visit to the Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola in his office in Abuja on Thursday.
NAICOM, in a statement on Friday said, the meeting was arranged to explore areas of collaboration between the Commission and the Ministry.
“Some of the areas for collaboration are through creating a portal for verification of Marine insurance policies and exploring options in the cabotage act to ensure compliance with insurance requirements”, the statement disclosed.
The NAICOM was established in 1997 by the National Insurance Commission Act 1997 with responsibility for ensuring the effective administration, supervision, regulation and control of insurance business in Nigeria and protection of insurance policyholders, beneficiaries and third parties to insurance contracts.
