The National Insurance Commission as part of its strategic objective to drive innovation of products and services, as well as, ensure operators are professional in the conduct of their businesses in line with best practices, recently issued three operational guidelines to regulate the industry.
In the press release made available by the Head, Corporate Communication and Market Development, Mr. Razaaq Salami, the Commission issued the three guidelines amongst which include: Insurance Regulatory Sandbox Operational Guidelines.
Others include: Market Conduct Guidelines for Takaful and Retakaful Insurance Operators
And Enterprise Risk Management Framework for Takaful and Retakaful Operators in Nigeria.
The Commission expects all Operators to ensure compliance with the new guidelines to the benefit of all stakeholders,
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