The National Insurance Commission (NAICOM) and the Federal Fire Service this Thursday met at the NAICOM Headquarters to review and strengthen their partnership.
NAICOM in a statement pointed out that the Federal Fire Service, as a key member of the committee on insurance of public buildings and buildings under construction, has agreed to integrate Fire Insurance Policy into their checklist. This move, the statement added aims to boost compliance levels and promote insurance penetration in Nigeria.
“The partnership is expected to have far-reaching benefits, including improved settlement for beneficiaries of building collapse victims, mitigation of potential risks, protection of investments, and promotion of economic growth”.
Key aspects of the agreement include: Enhanced Compliance, Improved Insurance Penetration, Risk Mitigation and Economic Growth.
The meeting was presided over by the Deputy Commissioner for Finance and Administration, Mr. Ekerete Ola Gam-Ikon, who emphasized the importance of collaboration between NAICOM and the Federal Fire Service in promoting a safer and more insured environment in Nigeria.
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