Nigeria’s Insurance Industry Set To Grow As NAICOM Advances IT- NCRIB 

Yemisi Izuora

The Nigerian Council of Registered Insurance Brokers, NCRIB, is foreseeing a leap in Nigeria’s insurance industry following investment and adoption of new Information Technology infrastructure by the National Insurance Commission (NAICOM) to regulate the insurance industry.

The President of the Council, Mr Rotimi Edu, during his visit to the Commission in Abuja, observed that the infrastructure will put the industry on path of growth.

According to the NCRIB President; the quality of the IT infrastructure would not only ease the Commission’s  oversight functions, but has also underscored the preparedness of the Commission to put the industry on the part of sustainable growth and operational progress.

Mr Edu noted that the NCRIB under his leadership would continue to collaborate with the Commission to achieve its intended vision for the industry.

It would be recalled that the Commission had written to all operators that all their returns and regulatory remissions to the Commission would be fully online.

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