The National Insurance Commission (NAICOM) has reiterated its dedication to establishing a robust and policyholder-focused insurance ecosystem in Nigeria. This initiative is designed to increase public confidence in the insurance sector, enhance consumer protection, and improve insurance penetration throughout the country. The commitment was announced during the 21st Insurers Committee Meeting held in Lagos, where NAICOM emphasized the importance of collaboration with fintech companies and banks to advance risk-sharing mechanisms and strengthen the overall insurance framework.
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