Insurance

NAICOM kickstarts Lagos inspectorate directorate Office

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Chuks Udo Okonta

The Inspectorate Directorate of National Insurance Commission (NAICOM) that was moved to Lagos Control office, has commenced operations, Inspen can report.
Head, Corporate Affairs, NAICOM, Rasaaq Salami, who confirmed this, said the

Directorate commenced work last week. According to him, the relocation is part of an ongoing restructuring exercise aimed at improving efficiency of the workforce and bringing the Commission closer to the regulated entities for effective insurance industry supervision.

“For the records, the Directorate is saddled with the responsibility of conducting on-site inspection of insurance entities for the Commission. It is imperative to note that over 90 per cent of insurance operators are headquartered in Lagos being the hub of commercial and economic activities in the country. Thus, this exercise will ensure prompt and regular inspection of these insurance firms – Insurance Companies and Brokers,” he said.

The insurance industry operators are enjoined to take advantage of this proximity to the Inspectors to enjoy quicker and efficient service delivery from the regulator.

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