The National Insurance Commission (NAICOM) has officially appointed Ernst & Young (EY) as its consulting actuary to assist in the finalization and implementation of Nigeria's Risk-Based Capital (RBC) framework. This initiative is part of a significant regulatory reform designed to enhance the resilience and stability of the country's insurance sector. The collaboration with EY aims to ensure that the RBC framework is effectively integrated into the existing regulatory landscape, thereby promoting better risk management practices among insurance companies in Nigeria.
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