Naicom begins online operations today

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By Favour Nnabugwu

The National Insurance Commission has began online of all its operations including the processing of requests from insurance institutions today, September 1, 2021.

The announcement which was contained in a circular addressed to Managing Directors and Chief Executive Officers of all insurance institutions was released on August 27, 2021.

The circular titled, “Adjustment of NAICOM Operations” was signed by Director Policy and Regulations, Leo Akah.

The circular reads, “To enhance efficient and effective service delivery, the operations of the Commission will Go-live with effect from Wednesday 1st September 2021.

“The import of this adjustment is that effective from 1st September 2021, NAICOM’s operation will transit from manual to online processing and all operational activities or issues concerning Insurance Institutions that requires the Commission’s attention, comment and approval will be submitted and processed via the NAICOM Licensing System.

“Consequently, all Insurance Institutions are required to align their operations to NAICOM Portal for submission and processing of all requests.”

According to the circular, requests that can be submitted include Certificate of Registration/Renewal, Approval in Principle, Product Authorization, Micro Insurance, Takaful Insurance, Letter of Request, Financial Statement Approval, Enforcement Actions, Governance and Complaint issues among others.

NAICOM directed that all enquiries on the adjustment of its operations be sent to its designated portal, portal@naicom.gov.ng

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