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NAICOM vows to replicate insurance success in Lagos across states, FCT

Ebuka Daniel

The National Insurance Commission (NAICOM) has vowed to take the success story recorded by the insurance sector in Lagos State to the Federal Capital Territory and 35 states of the federation.

The Commissioner for Insurance, Sunday Thomas, said this during his visit to Mutual Benefits Assurance Plc in Lagos.

He noted that Lagos State government and its citizens through their commitments to insurance practice have demonstrated that there is bright future for the underwriting sector.

Thomas maintained that as a federal government agency, NAICOM would work with the federal government to ensure insurance in entrenched at the FCT and also work with governors and other stakeholders to give insurance its right place in states.

He posited that insurance remains the bedrock for economic development, as no nation can thrive very well without a viable insurance sector.

He remarked that he was thrilled by the events around insurance that are happening in Lagos State, stressing that such events would be replicated across the nation as long as he remains the Commissioner for Insurance.

He also implored insurance practitioners to walk with their shoulders high as they are privileged to work in an industry that holds a vital position in the economy.

He promised to ensure that the rights of all stakeholders in the industry, especially, policyholders are well protected, adding that insurance operators would never default in paying genuine claims.

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