Insurance

RIFAN congratulates Sunday Thomas on his appointment as CFI, CEO of NAICOM

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Chuks Udo Okonta

The Retail Insured Family Association of Nigeria (RIFAN) a body committed to the deepening of insurance through retail practice, has congratulated Sunday Thomas on his appointment as the Commissioner for Insurance and Chief Executive Officer, National Insurance Commission (NAICOM).

A statement by the Director-General, RIFAN, Chief Ali Theophilus Ugwu, prayed God to grant Thomas the infinite wisdom required to take the insurance industry to lofty heights.

“We the Retail Insured Family Association of Nigeria (RIFAN) congratulates Sunday Thomas for his appointment as Commissioner for Insurance. We pray the Almighty God to grant him a successful tenure, wisdom and understanding.

“We pledge our total support and collaboration to ensure that total confidence of insuring public are restored in Nigeria, through awareness, sensitization and using technology and every legal approach to weed out fake insurance and insurance agents in Nigeria, thereby creating wealth for the industry,” he said.

Ugwu assured insurers and insuring publics that the issue of fake insurance agent and certificate will be a thing of the past through help of NAICOM), stressing that the body is determined to create wealth for the insurance industry through public enlightenment and use of technology.

One of the most vital aspects of RIFAN, he said, is to instil confidence in the insured, stressing that it is the obligation of the body to protect interests of the insured, which are usually infringed on by fake agents, who gang-up to defraud innocent policy buyers.

He maintained that it is his focus is to reduce fake insurance policies to the barest minimum in Nigeria; advocates the need for all vehicular information database are harmonized into a single system and attempts to create the best enabling environment for insurance agents to play their game and ensure agents that fail to concur will be penalized through the various agency regulators.

He implored members of the public to join the body and leverage it to procure their insurances, adding that the body was established to educate the insuring public, protect their rights and ensure they get real value for the premium they pay whenever the risk they insured against occurred.

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