None
DE
NIA commends NAICOM over insurance recapitalisation exercise
['Kehinde Victor', 'Kehinde Victor Is A Business Journalist', 'Communications Strategist With Experience Reporting On Aviation', 'Energy', 'Finance', 'Public Policy In Nigeria. She Covers How Regulation', 'Capital', 'Institutional Decisions Shape Markets', 'With A Focus On Accountability', 'Governance']
BizWatchNigeria.Ng
Key pointsNIA praises NAICOM for a transparent and structured implementation of the industry’s recapitalisation exercise.
Main storyThe Nigerian Insurers Association (NIA) has commended the National Insurance Commission (NAICOM) for what it described as the fair, transparent and structured implementation of the insurance industry’s recapitalisation exercise.
She also assured policyholders and the wider business community that the recapitalisation exercise would result in a stronger, more resilient and more competitive insurance industry.
What’s being saidNwachukwu said NAICOM’s transparent implementation of the recapitalisation exercise has strengthened confidence in the regulatory process and positioned the insurance industry for sustainable growth.
Bottom lineThe NIA says the recapitalisation exercise marks a significant step towards building a stronger, better-capitalised insurance industry capable of supporting economic growth and meeting the evolving needs of policyholders.