Amaka Obiefuna

The Commissioner for Insurance (CFI) Olusegun Ayo Omosehin, has announced plan by the National Insurance Commission (NAICOM) to enter into partnership with the Nigeria Social Insurance Trust Fund (NSITF).

The Commissioner stated this when he paid a courtesy visit to the Managing Director (MD/CE) of the Nigeria Social Insurance Trust Fund Mr. Oluwaseun Faleye in Abuja.

The purpose of the visit was to discuss areas of collaboration between the Commission and the NSITF to deepen insurance penetration, harnessing the benefits of both conventional and social insurance,  data sharing and analytics, capacity building and training, creating awareness and advocacy, driving compliance with Insurance requirements and many more.

The two Agencies agreed to set up a joint committee to drive the collaboration, harness the contribution of insurance generally to national output and also boost growth potentials of the insurance sector in Nigeria.