Yemisi Izuora
The National Insurance Commission, has released new guidelines to enhance insurance business transactions In Nigeria.
According to the Regulator, the the guidelines is part of its strategic objective to drive innovation of products and services, ensure operators are professional in the conduct of their businesses in line with best practices.
Rasaaq ‘Salami, Head, Corporate Communication and Market Development, named the guidelines to include, Insurance Regulatory Sandbox Operational Guidelines, Market Conduct Guidelines for Takaful and Retakaful Insurance Operators and Enterprise Risk Management Framework for Takaful and Retakaful Operators in Nigeria.
Salami, said the Commission expects all Operators to ensure compliance with the new guidelines to the benefit of all stakeholders.
