NAICOM Stops Manual Operations, Shifts to Online Platform
The National Insurance Commission (NAICOM) has announced that its operational activities have gone online effective September 1, 2021.
The apex Insurance regulator explained that the development is targeted at enhancing efficient service delivery of its operations.
The commission, in a recent circular directed to managing director/chief executives of all insurance institutions dated August 27 and signed by Director, Policy and Regulations, NAICOM, Mr. L. M. Akah, said there shall be no manual submission of requests/application effective from September 1, except through its online portal.
The statement added that “All insurance institutions are require to align their operations to NAICOM portal for submission and processing of all requests such as certificate of registration/renewal, Approval-in-Principle (AIP), product authorizations, micro insurance, takaful insurance, letter of request, financial statement approval, enforcement actions, governance and complaint issue among others.”
