NAICOM seeks MDAs’ Desk Officers support for enforcement of compulsory insurance
MDAs Desk Officers and NAICOM Officers in a group photograph after the the sensitization workshop organized by NAICOM for MDAs Desk Officers on insurance of Federal Government Assets and Liabilities recently in Abuja.
The National Insurance Commission of Nigeria (NAICOM) is seeking the support of Desk Officers of Government Ministries, Departments and Agencies (MDAs) in the implementation of the compulsory insurance initiative within the government circles.
The Commissioner for Insurance/Chief Executive Officer, NAICOM, Mr. Sunday Thomas, made the appeal at the sensitization workshop organized by NAICOM for MDAs Desk Officers on insurance of Federal Government Assets and Liabilities recently in Abuja.
He said the Commission is relying on MDAs to help domesticate the Initiative in their respective offices and perhaps, serve as the primary vehicles for enforcement of compulsory insurances in their various MDAs.
“As you may be aware, NAICOM in 2009, launched the Market Development and Restructuring Initiative (MDRI) project which aimed at creation of awareness on compulsory insurance products, education of the public on the long-term benefits of insurance to policyholders and the economy at large, among others. While NAICOM bore the responsibility of disseminating key messaging on the benefits of compulsory insurance, we relied on Government Ministries, Departments and Agencies to help domesticate the Initiative in their respective offices and perhaps, serve as the primary vehicles for enforcement of compulsory insurances in their various MDAs.
“As follow-up to the success of previous nationwide awareness campaigns for compulsory insurance, NAICOM is moving the bar a notch higher. Therefore, this Sensitization Workshop is aimed at equipping insurance desk officers with the necessary tools to ensure that all MDAs have adequate insurance coverage for all government assets and liabilities to curb wastage occasioned by losses of uninsured assets,” NAICOM boss explained.
Thomas expressed optimism that insurance desk officers will now have the capacity to gauge the insurance protection needs of government assets under their purview and provide their principals with technical advice on the required insurance coverage for government assets and liabilities.
He noted that building the capacity of insurance desk officers, enthroning transparency and accountability to ensure that government gets value for money in the purchase of insurance thus taking us all a step further in contributing effectively to the economic growth and development of Nigeria is an ongoing project of the Commission.
He said the Commission counts on the support of the MDAs as government representative and critical stakeholder in the insurance value chain to ensure a successful workshop for the benefit of all stakeholders, adding that the Commission expects much better participation in the next batches lined up to educate MDAs of their responsibilities and the benefits inherent in the consumption of insurance products and services.
