NAICOM puts operators on toes over risk-base supervision

The National Insurance Commission (NAICOM) has exposed the draft roadmap of the industrys risk base supervision for insurance operators to make their recommendations. The draft was unveiled by the Commissioner for Insurance Mohammed Kari, at the Insurers Committee meeting in Lagos. He gave the operators one-month period to critically examine the draft and inject their contributions. Risk base supervision would enable insurance undertake risks inline with their financial capability. According to Kari, the exercise would lead to consolidation. He noted that consolidation is inevitable, stressing that there are many players in the industry who do not add value to theThe post NAICOM puts operators on toes over risk-base supervision appeared first on Daily Times Nigerian Newspaper.
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