Home Business Insurance World NAICOM, Housing Ministry Move To Enforce Insurance Of Public Buildings
Insurance World

NAICOM, Housing Ministry Move To Enforce Insurance Of Public Buildings

Share
Naicom
From right: Deputy Commissioner Finance & Admin (DCF&A), Mr. Oba Obafemi Oluniyi; Commissioner for Insurance, Olorundare Sunday Thomas presenting a plaque to the Honourable Minister for Housing and Urban Development, Arc. Ahmed Musa Dangiwa and Head, Corporate Communications& Market Development, NAICOM, 'Rasaaq, Salami, during the visit.
Share

BY NKECHI NAECHE-ESEZOBOR—-The Ministry of Housing and Urban Development and the National Insurance Commission ( NAICOM) have agreed to collaborate to enforce compliance with the laws on public buildings and buildings under construction.
Indications to this emerged after the delegation from the commission, led by the commissioner for insurance, Sunday Thomas paid a courtesy visit to the Minister, Arc. Ahmed Musa Dangiwa, today in Abuja.

Also Read: NAICOM Restates Commitment To Uplift Insurance Sector To Global Standard


The visit is also part of the Commission’s drive to ensure optimal participation in the 2023  National Insurance Conference and also an opportunity to apprise the Minister of activities of the Commission.

Thomas also formally requested the physical attendance of the Minister at the National Insurance Conference being organised by the Commission. 

In his response, the Minister accepted the Commission’s extended hands of collaboration in the area of compliance with the laws on public buildings and buildings under construction.
He also confirmed his active participation and the Ministry of Housing in the conference scheduled to hold from 22-24 October 2023.

Compulsory insurance of buildings includes all schools, hospitals, hotels and offices, and they have the responsibility to show evidence that they have complied with Section 65 of the Insurance Act 2003.

Related News

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

FY23: Veritas Kapital Records 991% Growth In PBT, As Insurance Revenue Grew By 41% To N7.1bn

BY NKECHI NAECHE- ESEZOBOR-Veritas Kapital Assurance Plc, has recorded an impressive 991%...

Universal Insurance Grows Insurance Revenue To N8.02billion In FY 2023, As Profit Hits N514.6million

BY NKECHI NAECHE– ESEZOBOR–Despite the harsh economic challenges in the operating environment,...

NAICOM Leading Experts To Headline Insurance Meets Tech 2024

The Commissioner for Insurance and Chief Executive Officer, National Insurance Commission (NAICOM),...

Heirs Insurance Group Announces Winners Of N8 Million Essay Championship Scholarship

Heirs Insurance Group, on Tuesday announced the winners of its 2024 Essay...