NAICOM urges MDAs to set up insurance desks

The National Insurance Commission (NAICOM) has advised Ministries, Departments and Agencies (MDAs) to set up insurance desks or units in their offices to  insure their assets.

NAICOM boss, Mohammed Kari, made this call while speaking at a meeting with the Comptroller-General of Customs, Col. Hameed Ali (rtd) in Abuja.

According to him, the desks or units should be manned by qualified insurance professionals.

This, he said, will ensure their compliance with the provisions of extant laws in all their insurance activities.

He stressed that advising the government and its Agencies on insurance matters is one of the key functions of the Commission and that the Commision was prepared to offer the service to ensure adequate insurance and protection of all government assets.

He informed Customs’ boss that the Commission is the adviser to the government on all insurance related matters by virtue of the provision of Section 7(F) of the NAICOM Act 1997.

The Commissioner, therefore, advised the Customs Service to explore this window of opportunity by ensuring that it complies with the provisions of the law in all its insurance activities. He pledged NAICOM’s support to NCS in insuring its assets and liabilities.

He also harped on the need to link the NCS database with the insurance industry database for authentication and identification of genuine insurance policies, especially marine and air freight insurances.

The Customs’ head, in his response, expressed the preparedness of the Service to collaborate with NAICOM in all insurance activities of the Customs Service.

He suggested the setting up of a joint committee between the two agencies to evolve a working relationship between them.

The two Agencies, however, agreed to collaborate and work together to ensure that the process of insuring assets of the NCS is seamless, efficient and adequate.
source: Nation Newspaper