Wednesday, November 20

NAICOM Targets Full Digitization of Insurance Processes

By Dayo Omoogun

The National Insurance Commission has pledged to ensure the full digitisation of insurance processes in the country.

 

“As part of the commission’s effort to develop the insurance market, it has commenced the process of attaining the full digitisation of insurance business in Nigeria in order to keep tab on current realities.

This commitment was made in Uyo at the weekend by the Acting Commissioner for Insurance Mr.Sunday Thomas during a retreat organized by the insurance industry regulator for members of the House Of Representatives Committee on Insurance and Actuarial Matters.

Thomas admitted that “the industry is currently lagging behind other financial services sectors in this regards.”

He said the Commission, was now prepared more than ever before to drive the Information Technology revolution in the sector starting with itself.

He added that “Appropriate steps are being taken to launch the commission’s portal which would go a long way in blocking leakages in the sector,”

 

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