National Insurance Commission (NAICOM)
Federal Government Agency
From Wikipedia, the free encyclopedia
The National Insurance Commission (NAICOM) is a government-owned parastatal in the insurance industry in Nigeria, with the main goal of protecting insurance policyholders and ensuring that the industry operates smoothly and efficiently under the leadership of the commissioner for insurance Mr Olusegun Omosehin.[1][2]
(Operations jurisdiction)Nigeria
| National Insurance Commission (NAICOM) | |
|---|---|
| Abbreviation | NAICOM |
| Agency overview | |
| Formed | 1997 |
| Jurisdictional structure | |
| Federal agency (Operations jurisdiction) | Nigeria |
| Operations jurisdiction | Nigeria |
| Legal jurisdiction | National Insurance Commission |
| Governing body | President of Nigeria |
| Constituting instrument |
|
| General nature | |
| Operational structure | |
| Headquarters | Plot 1239, Ladoke Akintola Boulevard, Garki II Abuja. |
| Agency executive |
|
| Website | |
| https://www.naicom.gov.ng/ | |
History
In order to protect insurance policyholders and guarantee the smooth and efficient operation of the insurance industry in Nigeria, the National Insurance Commission was founded in 1997. It also provides annual reports on the insurance industry and advises the Federal Government on issues pertaining to insurance. To promote insurance education and training, the parastatal collaborates with various governmental entities and groups.[3]