The National Insurance Commission (NAICOM) has established the Insurance Policyholders’ Protection Fund (IPPF) Committee to enhance consumer protection and bolster confidence in Nigeria's insurance sector. Olusegun Ayo Omosehin, the Commissioner for Insurance and Chief Executive Officer of NAICOM, emphasized the importance of ensuring that the Fund operates with credibility, strong governance, and effectiveness, particularly during critical times for policyholders. The initiative aims to provide a safety net for consumers and improve the overall integrity of the insurance market in Nigeria.
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