After playing host to several courtesy visits to several bodies within the insurance industry and other sectors the Commissioner for Insurance/CEO Mr. Ayo Omosehin paid a courtesy visit to the MD/CE Nigeria Social Insurance Trust Fund Mr. Oluwaseun Faleye at the NSITF Hqtrs in Abuja on Wed 28th August, 2024.
The meeting was set to discuss areas of collaboration between the Commission and the NSITF. Laid before were several points that needed combative response from both bodies which bothered on deepening insurance penetration, harness the benefits of both conventional and social insurance, data sharing and analytics; others were capacity building and training, creating awareness and advocacy, driving compliance with Insurance requirements and many more.
After the initial deliberations the two agencies agreed to set up a joint committee to drive the collaboration, harness the contribution of insurance to national output and also boost growth potentials of the insurance sector in Nigeria.