The Chief Executive Officer CEO, National Insurance Commission NAICOM Sunday Thomas, has said that the best of the insurance sector would soon be unveiled, following the recent support it was receiving from the Federal Government.
Thomas stated this in an interview with Newsmen on the side lines of the 47th Africa Insurance Organisations AIO Conference and Annual General Assembly held in Lagos, under the theme: ”Rebuilding Africa’s Economy: An Insurance Perspective”.
He noted that the support of President Muhammadu Buhari and the Minister of Finance, Budget and Planning during the conference was a pointer to energising NAICOM to regulate the market in a way that would make a difference.
According to him, the sector would soon experience a turnaround, as the regulator would be unfolding policies to drive the objectives of the industry from time to time.
The commissioner stated that the insurance sector had been moving at a slow pace in terms of numbers for some time now, but with the recent happenings, it was now time for a jump.
He explained that insurance enables businesses and allows them to grow, it is a labour mobiliser which grows the economy by building confidence in investors.
