The National Insurance Commission (NAICOM) announced the digitalisation of all its operations in a letter that was addressed to the managing director/chief executive officers of all insurance institutions in Nigeria.
NAICOM said the move was to enhance efficient and effective service delivery, the operations of the Commission will Go-live with effect from Wednesday, September 1, 2021.
According to the letter, effective from today, 1 September, 2021, NAICOM’s operation will transit from manual to online processing and all operational activities or issues concerning Insurance Institutions that requires the commission’s attention, comment and approval will be submitted and processed via the NAICOM licensing system.
Consequently, “all Insurance Institutions are required to align their operations to NAICOM Portal for submission and p.ocessing of all requests such as Certificate of Registration/Renewal, Approval-in-Principle (AIP), Product Authorization, Micro Insurance, Takaful Insurance, Letter of Request, Financial Statement Approval, Enforcement Actions, Governance and Complaint issues etc.
“Take Notice that there shall be no manual submission of requests/application effective
from 1” September 2021 except online through the designated Portal.
“All enquiries on the adjustment of NAICOM’s operations should be sent to email@example.com,” the letter that was signed by NAICOM’s director, policy and regulation L.M Akah read in part.
The insurance regulator sort the maximum compliance of the insurance operators with the directives.