NAICOM Exposes New Guidelines
In its drive to ensure insurance market Development through enhanced access points for insurance services in Nigeria, NAICOM recently exposed four new Guidelines to the insurance market for inputs and/or Comments.
The exposed guidelines are:
i. Independent Agent Operational Guidelines
ii. Mutual Organizations, Associations, Community Based & Non-Governmental Organizations’ Microinsurance Agencies Guidelines
iii. Guidelines on State Governments’ Implementation of Compulsory Insurances, and
iv. Insurance WEB Aggregators Operational Guidelines.
The timeline of October 06, 2017 for the submission of comments and/or inputs by individuals and institutions in the insurance industry on the exposed Guidelines has lapsed and thus, the Commission had stopped entertaining comments after this date. Indeed, NAICOM is now working on the final copies of the Guidelines and shall be released in the next few weeks.