NAICOM warns insurers ahead of July 31 recapitalisation deadline
Describing professionalism as the foundation of a trusted insurance industry, Omosehin said the sector’s growth depends not only on adequate capital and effective regulation but also on ethics, competence, innovation and public confidence.
By Rosemary Iwunze The National Insurance Commission (NAICOM) has warned insurance operators that the July 31 recapitalisation deadline is mandatory, urging companies yet to meet the new minimum capital requirements to act with urgency.“The strength of insurance depends not only on capital and regulation but also on professionalism, ethics, innovation and public confidence.
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