NAICOM, NCAA To Strengthen Insurance Enforcement In Aviation Sector

National Insurance Commission (NAICOM) and the Nigerian Civil Aviation Authority (NCAA) have inaugurated a joint technical committee to enhance compliance with insurance requirements in the aviation sector. The inauguration ceremony took place at NAICOM’s office in Abuja on Wednesday, January 22, according to a statement that was issued by the commission.

Deputy commissioner technical of NAICOM, Dr. Usman Jankara, represented the commissioner for Insurance and CEO, Olusegun Ayo Omosehin. He welcomed the NCAA delegation, led by Rominiyi F. Dorcas, who serves as the deputy general manager for financial health and aviation insurance.

The collaboration marks a significant step toward strengthening regulatory oversight and ensuring robust insurance practices in the aviation industry.

Dr. Jankara highlighted NAICOM’s core mandate of regulating the insurance industry to protect policyholders’ interests, addressing misconceptions that the commission prioritises operators over consumers.

He reiterated NAICOM’s commitment to safeguarding the public, ensuring that all parties affected by aviation incidents are adequately compensated.

The joint Technical Committee’s objectives include verification of Insurance documents: to ensure that airline operators, affiliate agencies, and NCAA service providers comply with valid insurance requirements.

The objective is also to provide expert advice to the NCAA on insurance-related matters; facilitate the resolution of complaints from airline operators on insurance covers and services and conduct periodic reviews and updates on minimum insurance cover requirements for aviation operators and service providers.

The new partnership will also ensure that NAICOM, NCAA, airline operators, and insurance providers hold regular meetings to ensure smooth implementation of insurance regulations.

Dorcas assured the committee of the NCAA’s dedication to achieving its goals, pledging full support from her team to ensure the successful execution of the outlined objectives.

In his closing remarks, Dr. Jankara formally inaugurated the committee, expressing confidence in the expertise and commitment of its members. He emphasized the importance of collaboration and innovation in addressing challenges within the aviation sector.

NAICOM’s assistant director for special risk, Ajuyah Omeresan Alfred, delivered a vote of thanks, reaffirming NAICOM’s dedication to fostering an efficient and effective aviation industry.

The establishment of this joint committee reflects a unified commitment by NAICOM and NCAA to enhance compliance, promote safety, and build public confidence in the aviation sector through effective insurance enforcement.