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New Commissioner for Insurance promises inclusive growth on assumption of office

Newly appointed Commissioner for Insurance/CEO  of the National Insurance Commission (NAICOM) Mr Olusegun Ayo Omosehin  has on assumption of office at the weekend promised an all inclusive growth for the nation’s insurance industry saying that insurance sector will contribute substantially to Nigeria’s dream of a trillion dollar economy by 2026.

Omosehi who was until his appointment as Commissioner for Insurance the chairmanof Nigerian Insurers Association (NIA) arrived at the NAICOM’s Headquarters, Abuja for his assumption of duty on Friday 3 May, 2024. He was welcomed by Senior Members of Staff of the commission.

Following his arrival, the CFI had an interactive session with the entire management and Staff of the Commission. In his opening remarks,  he stated that the Executive Mgt would set a new tone for the Nigerian Insurance Sector. His predecessor Mr. Olorundare Sunday Thomas who was in attendance to officially handover to the new CFI thanked the staff for their support while in office.

In a positive light, the new CFI is optimistic of achieving a more vibrant Insurance Sector. Furthermore, the CFI noted that the Federal Government intends to achieve a $1trillion economy by 2026. With this target in cognizance, the Insurance Sector is expected to play a critical role and contribute to its achievement.

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