NAICOM’s Role in Driving Innovation in Nigeria’s Insurance Industry
The insurance industry is evolving, and NAICOM is at the forefront of driving…
Driving Stability and Innovation In Insurance
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Dear Stakeholders and Visitors,
It is my privilege to welcome you to the official platform of the National Insurance Commission (NAICOM)—your gateway to Nigeria’s dynamic insurance industry. At NAICOM, we are driven by a mission to foster resilience, transparency, and sustainable growth within the sector. This platform is designed to connect stakeholders, provide vital resources, and promote dialogue that enhances trust and innovation across the industry.
With our unwavering commitment to regulatory excellence, we ensure a fair, competitive, and inclusive insurance market that supports Nigeria’s economic development. We take pride in safeguarding policyholder interests while encouraging industry advancement to create a stronger foundation for all.
I encourage you to explore the wealth of information available here, engage with our initiatives, and join us in building a thriving insurance ecosystem. Together, we can drive progress, strengthen confidence, and build a future of shared prosperity.
Thank you for your continued trust and collaboration.
Warm regards,
Olusegun Ayo Omosehin
Commissioner for Insurance / CEO NAICOM
The National Insurance Commission (NAICOM) is Nigeria’s apex regulatory body for the insurance industry, established in 1997 by the NAICOM Act. With a mandate to ensure the effective administration, supervision, regulation, and control of insurance practices, NAICOM plays a pivotal role in safeguarding policyholders, promoting industry growth, and supporting Nigeria’s economic development.
Guided by a vision of creating a globally competitive insurance industry, NAICOM is committed to fostering transparency, professionalism, and trust within the sector. We set standards for the conduct of insurance business, approve rates, protect government and private assets, and regulate interactions between local and international insurers.
NAICOM provides a comprehensive framework for guiding insurers, agents, and stakeholders. Our policies focus on licensing, claims management, corporate governance, and consumer rights.
We regulate insurance operations, promote sound practices, and oversee adherence to laws that uphold market integrity and protect policyholders.
At NAICOM, our team of dedicated Directors and staff exemplifies excellence in every aspect of their work. With a shared commitment to driving the Nigerian Insurance Industry forward, we are at the forefront of innovation and progress.
Together, we are shaping the future of insurance in Nigeria, leveraging technological advancements to deliver superior oversight, regulation, and development.
Our team’s expertise and passion ensure that we are well-equipped to navigate the evolving landscape of the insurance sector and lead it into a new era of efficiency and growth.
Driving Insurance Excellence, Empowering the Future.
Deputy Commissioner for Insurance Finance & Admin
Deputy Commissioner for Insurance Finance & Admin
Deputy Commissioner for Insurance Technical
Deputy Commissioner for Insurance Technical
Stay informed with the latest developments from the National Insurance Commission (NAICOM). Our news section provides regular updates on key initiatives, regulatory changes, and industry trends shaping Nigeria’s insurance sector.
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The National Insurance Commission (NAICOM), established by the 1997 Act, regulates and supervises Nigeria’s insurance sector while protecting policyholders and beneficiaries.
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