Sunday Thomas, The Commissioner for ínsurance
Management of the National Insurance Commission (NAICOM) has said that as 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, have recently issued the following guidelines:
• Insurance Regulatory Sandbox Operational Guidelines
• Market Conduct Guidelines for Takaful and Retakaful Insurance Operators
• Enterprise Risk Management Framework for Takaful and Retakaful Operators in Nigeria.
According to the statement endorsed by ‘Rasaaq ‘Salami, the Head, Corporate Communication and Market Development say The Commission expects all Operators to ensure compliance with the new guidelines to the benefit of all stakeholders.
“Below is the attached are the various guidelines for your necessary action.
Market Conduct Guidelines for Takaful and Retakaful Operators in Nigeria