NAICOM Migrates From Manual To Online Operations
The National Insurance Commission (NAICOM) has announced the migration of its operations from manual to online through its Portal with effect from today, Wednesday September 1, 2021.
The Commission made this known in circular to insurance institutions signed by the Director, Policy & Regulations at NAICOM, Mr. Leonard M. Akah.
According to the Circular, “the Commission will transit from manual to online processing and all operational activities or issues concerning insurance institutions that requires the Commission’s attention, comment and approval will be submitted and processed via the NAICOM Licensing System.
“Consequently, all insurance institutions are required to align their operations to the NAICOM Portal for submission and processing of all requests such as Certificate of Registration/Renewal, Approval-in-Principle (AIP), Product Authorisation, Micro Insurance, Takaful Insurance, Letter of Request, Financial Statement Approval, Enforcement Actions, Governance and Complaint issues etc.”
While calling for maximum compliance by all and sundry to above directives, the Commission stated categorically clear that “no manual submission/request would be entertained with effect from Wednesday, September 1, 2021, except online through the designated portal.”
