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Bullion

Keywords

Insurance, Risk management, National Insurance Commission (NAICOM), FSS 2020.

Abstract

The National lnsurance Commission (NAICOM) is the statutory Regulatory body of insurance business created to ensure the effective administration, supervision and regulation of insurance business and regulate transactions between insurers and reinsurers within and outside Nigeria. FSS 2020 Insurance Sector, in collaboration with NAICOM aims to deepen the insurance market; ensure lnsurance credibility and protect policy holders; Embed governance and risk management framework for the lnsurance Companies; Enhance access to finance (financial inclusion) with business development support and new products; and risk-based capitalization of lnsurance Companies.

Author Bio

The author is a staff of the Financial System Stability, Central Bank of Nigeria.

Publication Title

CBN Bullion

Issue

3

Volume

41

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