Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Financial Services

NAICOM canvases governments’ support, collaboration to grow insurance in Africa

Zainab IwayemibyZainab Iwayemi
1 month ago
in Financial Services, Industries
NAICOM

Sunday Thomas, NAICOM CEO

Share on FacebookShare on TwitterShare on Linkedin

The National Insurance Commission (NAICOM) has urged African governments to join forces to improve insurance industry performance by implementing the necessary policies and support that will drive growth and help to improve the sector. 

NAICOM’s Commissioner for Insurance, Sunday Thomas, stated this while charging the newly elected president of the African Insurance Organization, Tope Smart, to embrace collaboration with stakeholders. He said this is a major element in scaling the insurance industry in Africa like the banking and telecommunication sector. 

Noting that there is a need to improve the insurance performance from the current underperformed level to march with others globally, Thomas charged the AIO president to coordinate government across the African continent so that each plays its role in creating a thriving environment for insurance to grow. 

What the NAICOM boss is saying: According to Thomas, the AIO should persuade the government to jettison the border barrier to encourage the movement of trade within the continent and to promote healthy competition, promote knowledge sharing among other objectives that are needed for a thriving market in Africa. 

Thomas also expressed delight knowing that Nigerian leaders are paying attention to the sector especially as the Nigerian government; more than ever, is showing concern for the growth of the sector by honouring their presence in the AIO conference. He said:

  • “The founding father of AIO had a very thoughtful foresight by making sure we have this forum that has over the years achieved tremendous success in harmonizing the African insurance market and bringing together experts of different insurance facilities annually to discuss burning issues affecting the continent and the rest of the world. I believe the outcome of all our deliberations in the last few days will go a long way in helping us thrive higher in achieving our goals and objectives. 
  • “The journey ahead may not be all smooth, especially due to the effect of the COVID-19 pandemic and the shapes of our economies across Africa presently. Here is a huge task ahead of you and your team, but working with you over the years has given me confidence that you are equal to the task. I can vouch for your hard work, resilience, foresight, and determination. 
  • “The signing of the African continental free trade agreement has provided an avenue to foster unity and integration within the African region. It provides an avenue for the achievement of a common market for goods and services, guaranteeing free movement of human resources, investment, and technology.” 

Related

Tags: NAICOM

Leave a Reply Cancel reply

HFM
Mega Millions
Mega Millions
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Naira, fuel scarcity: Lagos announces 50% transport fare reduction on BRT buses, LAGRIDE, others, sets up Food bank 
  • Girl Child: Nurturing Our Women, Nigeria’s Own Wealth
  • Nigeria investing heavily in food, packaging and plastics technology

Follow us on social media:

Recent News

Naira, fuel scarcity: Lagos announces 50% transport fare reduction for BRT, LAGRIDE, others, sets up Food bank

Naira, fuel scarcity: Lagos announces 50% transport fare reduction on BRT buses, LAGRIDE, others, sets up Food bank 

February 8, 2023
GIrl child

Girl Child: Nurturing Our Women, Nigeria’s Own Wealth

February 8, 2023
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Lifestyle
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds

© 2023 Nairametrics