The outgoing PILA President, Bimbo Onakomaya, urged members to build wealth, lead boldly and sustain excellence.
NAICOM has transferred operational control of African Alliance Insurance Plc to a newly constituted Board nominated by the company’s shareholders.
The National Insurance Commission has partnered with the Abia government to safeguard economic activities, mitigate risks, and enhance investors’ confidence.
“Even in the face of personal health challenges, his devotion to the council and insurance industry remained steadfast,” NICOM’s CEO said.
Mr Omosehin emphasised the need for simpler and more relatable communication to attract young Nigerians.
The commissioner for insurance and chief executive officer of NAICOM, Olusegun Omosehin, disclosed this during a media interactive session in Lagos.
The National Insurance Commission said 20 insurance companies have applied for verification under the ongoing recapitalisation exercise.
He said the commission had the mandate to ensure that insurance service providers lived up to their obligations.
Mr Abdullahi said partnership, cooperation and policy alignment were critical to national development.
The commissioner said the deadline was mandated by the Nigerian Insurance Industry Reform Act (NIIRA, 2025).
