NAICOM pushes insurance compliance among MDAs

National Insurance Commission (NAICOM) has called on Ministries, Departments and Agencies (MDAs) to ensure compliance with the provisions of extant laws in all their insurance activities.

Mohammed Kari, commissioner for Insurance/chief executive, NAICOM, who made the call in Abuja, urged all MDAs to set up insurance desks or units in their various offices and manned by qualified insurance professionals to handle the insurances of their assets.

Kari said advising the government and all its agencies on insurance matters was one of the key functions of the Commission, and was prepared to offer this service to ensure adequate insurance and protection of all government assets.

He made the remark at a meeting with Hameed Ali, comptroller general of Nigeria Customs Service (NCS), on Wednesday, informing the Custom’s boss that the Commission was the adviser to government on all insurance related matters by virtue of the provision of Section 7(F) of the NAICOM Act 1997.

He thus advised the Custom Service to explore this window of opportunity by ensuring that the NCS comply with the provisions of the law in all its insurance activities. He pledged the full support of NAICOM to NCS in the insurances of its assets and liabilities.

He also harped on the need to link the NCS database with the insurance industry database for authentication and identification of genuine insurance policies, especially marine and airfreight insurances.

The Ali in his response expressed the preparedness of the service to collaborate with NAICOM in all insurance activities of the NSC, and suggested the setting up of a joint committee between the two agencies to evolve a working relationship between them.

The two agencies have now pledged to collaborate and work together to ensure the process of insuring the assets of the NCS is seamless, efficient and adequate.