Naicom prepares to off load developments for Journalists @ Media Retreat

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By Favour Nnabugwu


National Insurance Commission, Naicom, has highlighted a number of issues to reel out to Journalists on Friday at the on going Media Retest for Insurance reporters.

Deputy Commissioner for Insurance, Mallam Sabiu Bello Abubakar who spoke at the welcome get together yesterday evening, said that Naicom has a lot of important information to discuss with the Media on Friday.

Abubakar said the Commissioner for Insurance, Mr Sunday Thomas wil, among others developing issues, talked about Naicom reforms, strategic plan, market development.

He s stressed that the Insurance retreat for Journalists is a good measure for Naicom and Media to the insurance sector to the next level.

He gave the assurance that the good relationship between the regulatory body and the Media will be strengthened further.

NAICOM said it established the Strategic Plan with the objective of translating its Vision, Mission and Values into actionable and measurable goals, objectives, initiatives and activities.

The Strategic Plan, according to the Commissioner for Insurance, Mr Sunday Thomas said will provide direction for both long- and short-term decision-making by the Board for implementation by Senior Management in order to fulfil the mission of the organization.

Similarly, it will enable them to make strategic efforts in ensuring adequate protection of the policyholders, beneficiaries and third parties to insurance contracts and also deepen insurance market penetration, it noted.

On this premise, several initiatives have been designed by the Commission to facilitate attainment of the strategic focus which will redefine the future of the Nigerian insurance market,” Thomas said.

“The Commission is also internalizing the human capital development initiative through the effective plan of action for the takeoff of its academy, and will soon be requesting for assistance from erudite scholars in the industry to fill the identified knowledge gaps in the regulatory system,” he noted.

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