NAICOM clamour support for African insurance market devt

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Federal Fire Service, NAICOM to enforce compulsory public building insurance
Federal Fire Service, NAICOM to enforce compulsory public building insurance

By Rosemary Iwunze

The National Insurance Commission, NAICOM, has called on African governments to support the insurance sector.

Commissioner for Insurance, Mr Sunday Thomas who made the call at the just-concluded conference of the African Insurers Association, AIO, urged governments to lift border barriers that make movement of resources almost impossible.

Thomas also urged them to promote healthy competitions amongst member-states and promote knowledge sharing across the continent among other objectives that will make insurance business thrive within the African markets.

Thomas said: “Developing the insurance markets across Africa is no longer a choice but a necessity.

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“The signing of the Africa Continental Free Trade Agreement, AfCFTA has provided an avenue to foster unity and integration within the Africa region.

“It provides an avenue for achievement of a common market for…



Source: Vanguard Newspaper

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