NAICOM to unveil IT guidelines for insurance sector

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Guidelines on Information Technology that will revolutionise insurance operations would be unveiled very soon.

The Commissioner for Insurance, Sunday Thomas disclosed this at the dinner for Insurance Journalists, who are in Uyo for a two- day workshop.

The Commissioner said the portal whichl had been on the drawing board for over six years, has been fixed.

“Now we have a portal that is taking us from where we were to a new level. The last module of the portal, will be fixed before the end of the year. Substantially, we now have a portal we can call NAICOM portal,” he added.

He said in the past three weeks, NAICOM has been sensitizing technical people in the industry and they have been going through series of trainings.”
The Commissioner for Insurance maintained that the commission fully understands the essence of digitization, stressing that the digital world remains the driver of business.

“The digital world will drive regulation. Unlike what we said before, we are going to engage the industry with our IT guidelines. It is no longer going to be historical reporting, it is going to be reporting as at now. If you tap anybody in the commission, he or she should be able to tell you the transactions in the market in the last four days. That is the objective, that is where we are heading to,” he stated.

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