NAICOM Urges Brokers To Expand Branch Network

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The National Insurance Commission(NAICOM) has advised insurance brokers to establish their presence in all the nooks and crannies of the country to accelerate insurance penetration and financial inclusion.

The Acting Commissioner for Insurance, Mr. Sunday Thomas, gave the counsel when the delegation of the Nigerian Council of Registered Insurance Brokers, led by Mrs. Bola Onigbogi paid a visit to the commission in Abuja.

Thomas, said the vision to have the nation’s critical population accept and patronise insurance services would only be achieved if insurance brokers extend more of their operations to remote areas of the country, rather than the urban areas.

While promising the support of NAICOM in accelerating insurance growth by collaborating with all insurance stakeholders, the commissioner advised operators, particularly insurance brokers to be more creative in their product development initiatives so as to make insurance…

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