NAICOM charges insurers on digitalisation

The National Insurance Commission (NAICOM) has called on insurance operators to step up their digitalisation process and ensure alignment with its portal requirements.

The Commissioner for Insurance and Chief Executive Officer, NAICOM, Sunday Thomas, at a just-concluded Insurance Professionals’ Forum, organised by the Chartered Insurance Institute of Nigeria (CIIN) in Abeokuta, Ogun State, urged insurance companies that are yet to align with its portal requirements to do so as the regulator would not continue to wait forever.

He said the industry was lagging and needs to reassess its business model, re-evaluate its strategy and make the digital agenda a priority.