NAICOM creates new distribution channels to boost insurance penetration

NAICOM creates new distribution channels to boost insurance penetration

Determined to deepen insurance penetration in Africa’s most populous nation, Nigeria’s insurance regulator, the National Insurance Commission (NAICOM) has released draft guidelines on five new distribution channels. The channel guidelines including Web Aggregators Operational guideline; State Government’s Implementation of Compulsory Insurance (or State Financial Advisers) guideline; Independent Agents Operational guidelines; Mutual Organisations, Associations, Community Based;…

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