NAICOM moves to force Nigeria insurers clear backlog of unsettled claims

NAICOM

The National Insurance Commission (NAICOM) has revealed plan to sanitise the insurance sector and redeeming its image, by using stringent measures to make insurers in the country clear backlog of unsettled claims. Sunday Thomas, Nigeria’s commissioner for insurance and chief executive of NIACOM said the commission was already compiling a list to detail insurance companies with huge unsettled claims for necessary regulatory action. Thomas disclosed this at the 2020 insurance directors’ conference the commission organised in Lagos, where he told the board of directors of various insurance companies, that insurance has…

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