By Sola Alabadan

The National Insurance Commission (NAICOM) has reiterated its resolve to ensure that the rights of all stakeholders in the insurance industry, especially, policyholders are well protected, assuring that the insurance operators would never default in paying genuine claims.

The Commissioner for Insurance, Sunday Thomas, gave this assurance during a courtesy visit to Mutual Benefits Assurance Plc in Lagos recently.
The NAICOM boss also promised to take the success story recorded by the insurance sector in Lagos State to the Federal Capital Territory and 35 states of the federation.
He pointed out that the government and people of Lagos State, through their commitments to insurance practice, have demonstrated that there is bright future for the underwriting sector.

Thomas maintained that as a federal government agency, NAICOM would work with the federal government to ensure insurance in entrenched at the FCT and also work with governors and other stakeholders to give insurance its right place in states.

He posited that insurance remains the bedrock for economic development, as no nation can thrive very well without a viable insurance sector.

He stated that he was thrilled by the events around insurance that are happening in Lagos State, stressing that such events would be replicated across the nation as long as he remains the Commissioner for Insurance.

He also implored insurance practitioners to work with their shoulders high as they are privileged to work in an industry that holds a vital position in the economy.