NAICOM tasks MDAs, OPS, others on insurance adoption

The National Insurance Commission (NAICOM) has urged Ministries, Departments and Agencies (MDAs), including Oganised Private Sector (OPS), to take insurance adoption as priority for economic prosperity in the country.

Head, Commissioner Office, Directorate, NAICOM, Rasaaq Salami, stated this at the launch of AXA Mansard Insurance Television Commercial (TVC) for Life Insurance products in Lagos.Salami, who stressed the need for insurance adoption to improve economic development, said it was unfortunate that the three-storey building in Ita-Faji area of Lagos that killed 20 people, including pupils of a school and others, were not insured.He pointed out that if the building had been insured, insurance would have compensated all victims of the disaster.