The National Insurance Commission (NAICOM) and the Nigeria Social Insurance Trust Fund (NSITF) have explored areas of collaboration to deepen insurance penetration in the country.
This understanding was reached on Wednesday when the Commissioner for Insurance/Chief Executive Officer of NAICOM, Mr. Olusegun Omosehin paid a courtesy visit to the Managing Director/Chief Executive of the NSITF, Mr. Oluwaseun Faleye at the Fund’s Headquarters in Abuja.
Mr. Omosehin disclosed that the purpose of the visit was to discuss areas of collaboration between the Commission and the NSITF to deepen insurance penetration.
The visit, according to him, was also intended to harness the benefits of both conventional and social insurance, data sharing and analytics, capacity building and training, creating awareness and advocacy, driving compliance with Insurance requirements and many more.
The two agencies agreed to set up a joint committee to drive the collaboration, harness the contribution of insurance generally to national output and also boost growth potentials of the insurance sector in Nigeria.
