Abuja, May 3, 2024 – Olusegun Omosehin, the new Commissioner for Insurance, on Friday promised to align the insurance industry with President Bola Tinubu’s goal of propelling Nigeria towards a $1 trillion economy by 2030.
Omosehin made this promise on assumption office as the new commissioner for Insurance.
“We are an integral part of that financial service sector that must make Nigeria a $1 trillion economy by 2030 happen and that puts on us a very heavy burden to deliver,” he said.
Omosehin assured stakeholders of the commission’s unwavering commitment to upholding utmost probity in ensuring a safe, sound, and stable insurance sector.
“We are committed to exercising utmost probity in ensuring a safe sound and stable insurance sector while protecting policyholders, and public interests as well as improving trust and confidence in the Nigerian insurance sector,” he said.
Omosehin called for collective optimism and dedication as the industry navigates this new chapter.
He stressed the importance of embracing innovation, leveraging technology, and fostering a culture of excellence to enhance processes and meet regulatory obligations effectively.
Omosehin stressed the pivotal role of the National Insurance Commission (NAICOM) in shaping the Nigerian insurance landscape and safeguarding policyholders’ interests.
He promised to strengthen the industry’s social safety net to ensure its reliability and accessibility to all Nigerians.
Olorundare Thomas, the immediate past Commissioner for Insurance, highlighted his achievements to include automation initiatives and strategic partnerships across Africa. (GBN)
