By Ihechi Enyinnaya
As part of its strategic objective to drive innovation of products and services, ensure operators are professional in the conduct of their businesses in line with best practice, the3 National Insurance Commission(NAICOM) recently issued some guidelines.
A statement by Rasaaq ‘Salami, Head, Corporate Communication and Market Development, on behalf of the Commissioner for Insurance, listed some of the guidelines to include: insurance Regulatory Sandbox Operational Guidelines, market Conduct Guidelines for Takaful and Retakaful Insurance Operators and enterprise Risk Management Framework for Takaful and Retakaful operators in Nigeria.
The statement said the Commission expects all operators to ensure compliance with the new guidelines to the benefit of all stakeholders. Attached are the various guidelines for your necessary action.