Kindly leave a comment and share
Chuks Udo Okonta
The Chairman, Nigerian Insurers Association (NIA) Segun Omosehin, has said the association would review the process that led to non signing of the consolidated insurance bill 2020.
He disclosed this during the association’s annual general meeting in Lagos, adding that the body would also consult relevant stakeholders.
“We will review the process that led us thus far and take next steps in the coming months after due consultation with all relevant stakeholders,” he posited.
Omosehin noted that the association made spirited efforts to ensure that the consolidated insurance bill was signed into law during the lifetime of the 9th National Assembly, but unfortunately, it was not achieved.
“As an association, we did our level best to push for the passage of the bill in the firm belief that it presents the brightest opportunity for us to amend the Insurance Act 2003 and reposition the insurance industry to enable it operates in line with global best practice,” he said.
The Chairman thanked members of the Governing Council and past Chairmen, who worked tirelessly to make sure the bill was signed.
He also appreciated members of the association for their continued faith in the association, whilst promising to continue to work in the best interest of members.
One Comment