The commission stated that the portal offers a streamlined and user-friendly platform.
NAICOM said that the figure indicated a progressive trend of positive market performance.
Mr Okwor was NAICOM’s commissioner for insurance from 1992 to 1996.
NAICOM has warned insurance operators against dealing with unlicensed brokers and agents to facilitate insurance businesses.
The Nigerian insurance industry generated N726.2 billion as gross premium income at the end of the fourth quarter of 2022.
The deputy commissioner said that insurance regulation and supervision were always the bedrock of national economic development.
