NAICOM urges Gombe State Govt on adequate insurance for assets, property
The National Insurance Commission (NAICOM) has enjoined the Gombe State Government to ensure provision of adequate insurance for its assets and property.
The Commissioner for Insurance, Mohammed Kari made the plea when he led a delegation to the Gombe State Government this weekend.
Kari gave assurance that the commission has established a dedicated committee that would assist various governments in insuring their assets and property accordingly.
This committee, he said will be ready “to work with your people once we receive your nod sir”.
Giving a run down of some of the commissions activity, the Deputy Governor Mr. Charles Iliya who represented the Governor, Kari opined,
“Your Excellency, I am glad to inform you that the insurance sector in Nigeria has under gone many reforms which have significantly changed the face of insurance in the country.
The reform efforts have also attracted significant Foreign Direct Investment in the sector.
As at today, no fewer than 10 companies have one form of foreign investment or the other with many more still waiting to come in. This has brought about efficiency, prompt payment of claims and most importantly, healthy competition amongst operators.
With an estimated population of over 170 million people and given the present level of insurance penetration in Nigeria, the potential of the market is yet to be fully explored”, assured.