Insurance

NAICOM eyes Kano as insurance policy hub for northern region

From Left:Commissioner for Insurance Sunday Thomas and Executive Governor of Kano State Dr. Abdullahi Umar Ganduje during a courtesy visit by National Insurance Commission to the Governor in Kano State today

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Chuks Udo Okonta

The National Insurance Commission (NAICOM) has requested a befitting office accommodation from Kano State Government that will serve as the insurance policy hub for the Northern Region of the country.

The Commissioner for Insurance, Sunday Thomas, made the appeal yesterday in Kano when delegates from NAICOM visited the state governor Dr. Abdullahi Umar Ganduje.

Thomas sought assistance from Kano State Government in the area of implementation of compulsory insurances, whilst stating that the commission is incepting talks with stakeholders to ensure that enforcement commence in earnest of all classes of compulsory insurances across the country.

He told the Governor that the commission was seeking his support in implementing initiatives of the Commission that will allow insurance to be a household need in Kano State. “Your Excellency, we are requesting your support in the following areas among others:
i Constitute a committee that will work with the Commission,” he said.

Thomas submitted that considering mirroring the legislation that makes it mandatory for citizens to have compulsory insurances, the commission is committed to continually ensure and guaranty adequate protection of policyholders.

This effort, he said has been taken in many fronts such as ensuring that genuine claims are promptly paid by insurers, ensuring financial soundness and viability of the insurers to protect investments, right prizing of insurance products, value for money, use of technology for ease of transaction amongst other initiatives.

Governor Ganduje, commended the Commission on its effort to develop the insurance sector while urging the industry to do more in gaining public confidence and improving public perception of the industry.

The Governor also granted the requests of the Commission and directed that a strong committee be constituted immediately to look at the aspect of the implementation of compulsory insurances as well as working with the legislative arm on domesticating the insurance laws in the State.

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