FSD trains 70 staff of Naicom on Risk Based Capital

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L- Managing Director Financial Sector Deepening Africa Mr. Mark Napier and the nation’s Commissioner For Insurance, Mr Olorundare Sunday Thomas during the visit to the Commission
By Favour Nnabugwu
Seventy staff of the National Insurance Commission, Naicom,  will be trained on n Risk Based Capital by the Financial Training Deepening Africa
The raining NAICOM statement outlined, is sequel to a partnership entered into by the Commission and the current training of the 70 slated for for two weeks ended today, Friday 28 July 2023.
The Managing Director Financial Sector Deepening Africa Mr. Mark Napier led his Management Team to Naicom in Abuja and was received by the Commissioner for Insurance Nigeria Mr. Olorundare Sunday Thomas.
Sequel to the partnership entered into by the National Insurance Commission (NAICOM) with FSD Africa, A Risk Based Capital (RBC) training for seventy (70) staff of NAICOM has been on for two (2) weeks and ends on Friday 28 July, 2023 and is being facilitated by Mr. Elias Omondi Principal in charge of innovation at FSD Africa.
NAICOM enumerated the other benefits of the partnership for the Nigerian Insurance Industry to include; development of risk based capital framework and toolkit; Incorporation of Economic, Social and governance (ESG) Principles into our operations. And development of innovation portrait which would facilitate innovation for the regulator and insurance operators amongst others.

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