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NAICOM Press Release

List of Insurance Companies Licensed to Transact Motor Insurance Business in Nigeria

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The National Insurance Commission (NAICOM) convened the 4th Meeting of the Joint Committee on Insurance for Public Buildings and Buildings Under Construction on Wednesday, May 14, 2024, at Bon Hotel Garki II, Abuja. The meeting, chaired by the Deputy Commissioner for Insurance, Finance and Administration, Mr. Ekerete Ola Gam-Ikon, brought together stakeholders to discuss progress and challenges in implementing insurance regulations for public buildings and buildings under construction.

 

In his opening remarks, Mr. Gam-Ikon welcomed new members from the quantity surveying profession and briefed the committee on NAICOM’s enforcement efforts, which have commenced with third-party motor insurance and are expanding to public buildings and buildings under construction. He emphasized the importance of collaboration with regulatory agencies and highlighted the commission’s focus on claim settlement, citin

"The Commission is working closely with law enforcement agencies to identify, investigate, and prosecute those involved in these illegal practices. Offenders will be dealt with in accordance with the law."

Signed:
Management
National Insurance Commission (NAICOM)
www.naicom.gov.ng

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