NAICOM commences implementation of 2021-2023 Strategic Plan

National Insurance Commission (NAICOM) said it has commenced  implementation of the 2021 – 2023 corporate strategic plan

The plan was approved by the Commission’s Governing Board on Friday, April 09, 2021. This became necessary as NAICOM’s corporate strategic plan for 2016 – 2020 ended last year.

The spokesperson of NAICOM, Rasaaq Salami, said the Commission is now implementing the newly approved plan.

NAICOM said it established the Strategic Plan with the objective of translating its Vision, Mission and Values into actionable and measurable goals, objectives, initiatives and activities.

The Strategic Plan, it said will provide direction for both long- and short-term decision-making by the Board for implementation by Senior Management in order to fulfil the mission of the organization.

Similarly, it will enable them to make strategic efforts in ensuring adequate protection of the policyholders, beneficiaries and third parties to insurance contracts and also deepen insurance market penetration, it noted.

NAICOM noted that the Board will ensure periodic review and performance monitoring of the Strategic Plan within its life span.

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