NAICOM sets the stage for next level on IT

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NAICOM sets the stage for next level on IT

National Insurance Commission (Naicom) said the regulatory is set to take iinsurance industry’s to the next level through digitalisation.

The Deputy Director in charge of Information Technology in NAICOM, Mr Abiodun Aribike, said this at a seminar for journalists with theme: “Digital Transformation of the Commission and Market Development Initiatives’’ on Friday in Uyo  Akwa Ibom

He affirmed that ithe strategies, which would be made available through the portal would help to reduce incidences of fake insurance, improve productivity and revenue in the industry.

In a paper he presented with theme: “Digital Transformation of NAICOM’s Processes and Procedures’’, at the 2020 seminar for  journalists,  in Uyo, Akwa Ibom  told journalists that Commission egun training of stakeholders in the sector to effect the digital transformat

He said that the digitisation strategy would help the people to source information about insurers to check their genuineness

“We have trained staff of brokers in the South West and we want to train those in the South-South, South East for them to join the portal.

“This will improve productivity, enhance stakeholders’ collaboration, trust and resource management,’’ he said.

He noted that the digital system would aid easy approval of licensing for insurance companies and tracking of insurance related complaints by policyholders.

He said the strategies, which would be made available through the portal, would help to reduce incidences of fake insurance, improve productivity and revenue in the industry.

Aribike further informed that the Naicom had also begun training of stakeholders in the sector to effect the digital transformation.

He believed that digitisation strategy would help the people to source information about insurers’ genuineness.

“This will improve productivity, enhance stakeholders’ collaboration, trust and resource management.”

He noted that the digital system would aid easy approval of licensing for insurance companies and tracking of insurance related complaints by policyholders

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