The National Insurance Commission as part of its strategic objective to drive innovation of products and services, ensure operators are professional in the conduct of their businesses in line with best practices, recently issued the following guidelines:
Insurance Regulatory Sandbox Operational Guidelines;Market Conduct Guidelines forTakaful and Retakaful Insurance Operators and Enterprise Risk Management Framework for Takaful and Retakaful Operators in Nigeria.
The Commission expects all Operators to ensure compliance with the new guidelines for the benefit of all stakeholders.