The National Insurance Commission has towed all rolling stocks manual propelled operations back to the operations dump yard. The Commission from today 1st September, 2021 transits from manual to online processing.
NAICOM says 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.
The statement by Director (policy & regulations), Leo M Akah, said the purpose is, “To enhance efficient and effective service delivery in the operations of the Commission.”
Effectively dropping the curtain behind manual operations NAICOM clears, “Consequently, all insurance institutions are required to align their operations to 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.”
NAICOM added that there shall be no manual submission of requests/application effective from 1st September 2021 except online through the designated portal.
Seeking maximum compliance, NAICOM stated that all enquiries on the adjustment of NAICOM’s operations should be sent to email@example.com.