NAICOM, NHIS Partner on Implementation Of Professional Indemnity Insurance

L-R: Sambo with the Commissioner for Insurance Sunday Thomas at the event

The National Insurance Commission (NAICOM) recently played host to the Executive Secretary of the National Health Insurance Scheme (NHIS) Prof. Nasir Sambo and his team.

At the event, the two bodies agreed to closely work together on the implementation of professional indemnity insurance for health workers.

The National Insurance Commission (NAICOM) was established in 1997 by the National Insurance Commission Act 1997 with responsibility for ensuring the effective administration, supervision, regulation and control of insurance business in Nigeria and protection of insurance policyholders, beneficiaries and third parties to insurance contracts.

The National Health Insurance Scheme (NHIS) is a body corporate established under Act 35 of 1999 Constitution by the Federal Government of Nigeria to improve the health of all Nigerians at an affordable cost

NHIS is to provide social health insurance in Nigeria where health care services of contributors are paid from the common pool of funds contributed by the participants of the Scheme.

It is a pre-payment plan where participants pay a fixed regular amount. The amount/funds are pooled, allowing the Health Maintenance Organisations(HMOs) to pay for those needing medical attention. It is primarily a risk sharing arrangement which can improve resource mobilisation and equity. It is indeed regarded as the most widely used form of health care financing worldwide.

NHIS also regulate private health Insurance operated by HMOs. HMOs should have a hyperlink to the HMOs list on the site

Health Insurance is social security system that guarantees the provision of needed health services to persons on the payment of token contributions at regular intervals.