Insurance

NAICOM to unveil IT guidelines for insurance sector

Thomas

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Chuks Udo Okonta

Information Technology (IT) guidelines that would revolutionised insurance operations would be unveiled very soon, the Commissioner for Insurance, Sunday Thomas, has said.

Thomas disclosed this yesterday at the dinner of 2020 Seminar for Insurance Journalists, holding at Uyo, Akwa Ibom State, adding that the Commission’s portal that has been on the drawing board for over six years, has been fixed. “Now we have a portal that is taking us from where we were to a new level. The last module of the portal, will be fixed before the end of the year. Substantially, we now have a portal we can call NAICOM portal,” he added.

From left: Commissioner for Insurance, Sunday Thomas and Deputy Commissioner, Technical, NAICOM, Sabiu Bello Abubakar at the event.

He said in the past three weeks, NAICOM has been sensitizing technical people in the industry and that they have been going through series of trainings.

Journalists at the event

The Commissioner for Insurance maintained that the commission fully understands that essence of digitalization, stressing that the digital world remains the driver of business,

Journalists at the event

“The digital world will drive regulation. On like what we said before, we are going to engage the industry with our IT guidelines. It is no longer going to be historical reporting, it is going to be reporting as at now. If you tap anybody in the commission, he or she should be able to tell you the transactions in the market in the last four days. That is the objective, that is where we are heading to,” he stated.

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