BY NKECHI NAECHE-ESEZOBOR— As part of its strategic objective to drive innovation of products and services, the National Insurance Commission, ( NAICOM), on Friday issued Insurance Regulatory Sandbox Operational Guidelines and Market Conduct Guidelines for Takaful and Retakaful Insurance Operators.
The insurance industry regulator also issued Enterprise Risk Management Framework for Takaful and Retakaful Operators in Nigeria.
According to statement released by the commission through its Head, Corporate Communication and Market Development, ‘Rasaaq ‘Salami, that this will ensure operators are professional in the conduct of their businesses in line with best practices.
The statement added that the Commission expects all operators to ensure compliance with the new guidelines to the benefit of all stakeholders. Attached are the various guidelines for your necessary action.
