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NAICOM Strives To Reduce Insurance Gap To 70%

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By Sola Alabadan

The National Insurance Commission (NAICOM) is striving to reduce the insurance gap in Nigeria from 94 percent to 70 percent within the shortest time possible, Head, Corporate Communications and Market Development, Rasaaq Salami, said.
Insurance protection gap is the difference between the amount of insurance that is economically beneficial and the amount of coverage actually purchased.
Salami, who presented a paper on “NAICOM’s Market Development Initiatives: The Journey so far” at the retreat in Uyo, Akwa Ibom State, stated that the commission is targeting an increase in insurance industry Gross Premium Income from N630 billion in 2021 to N6 Trillion by 2030.
Similarly, he said with the various efforts being made, the insurance contribution to GDP is expected to increase from 0.4 percent to over 3.0 percent within the next few years.
Besides, it is expected that over 250,000 new jobs would have been created at the end of the day, while insurance consumer trust and confidence in the sector would have improved considerably.
The commission is equally confident that the various efforts would help in promoting insurance as a tool for stimulating growth of other sectors and raise funds for project development at the Federal and State levels.
Salami assured that going forward, the Commission will be embarking on full implementation of the its Strategic Plan.
It would be recalled that the Governing Board of NAICOM had on April 9, 2021, approved the commission’s 2021 – 2023 corporate strategic plan. The approval became necessary as NAICOM’s corporate strategic plan 2016 –2020 ended the previous year.
NAICOM said it established the Strategic Plan with the objective of translating its Vision, Mission and Values into actionable and measurable goals, objectives, initiatives and activities.
The plan will also provide direction for both long- and short-term decision-making by the Board for implementation by Senior Management in order to fulfil the mission of the Organisation.
It will also enable them to make strategic efforts in ensuring adequate protection of the policyholders, beneficiaries and third parties to insurance contracts and also deepen insurance market penetration.
The Strategic Plan is subject to periodic review and performance monitoring within its life span by NAICOM Board.
The Strategic Plan is hinged on five pillars, namely: Ensuring that public interest and policyholders are adequately protected, Entrenching effective and efficient deliverables, ensuring a safe and sound Insurance sector, Improving Trust and Encouraging innovation and promoting Insurance market development.

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How to to Play for Free Slot Machines

If you’re new to the world of slot machines, you may be wondering how to learn how to play for free on slot machines. You can try a variety of games on various websites for free. This will allow you to get familiar with the different reels and system. There are a variety of websites that allow you to play for free. Often, the free versions of these games are similar to the real. You can also use player reviews to identify which games are most enjoyable.

The autoplay feature allows you to set the number of spins automatically. You can choose to play a specific number of rounds, a specific balance, or even infinite play. This feature is perfect for gamblers who want to play for a long time. This is a major improvement on the old days where each round had to be conducted manually. In addition to that the majority of free slot machines have bonus rounds. You can also use the autoplay feature to lower your bets if you have won a certain amount in one game.

There are additional benefits to playing slot machines for free. You can enjoy the graphics and games, particularly if time is not a problem. They are also free and can be used to practice for real money. The software should be smooth and the graphics should be crisp and easy to read. You’ll need to find a reliable website that offers free slots. It is also important to select one that offers many games to play.

It is a great way for you to get started playing by downloading free slot machines. Some of them have progressive jackpots which increase as more people lose money. These are the most frequent types of casino games in the past, and lots of people prefer to play these games to have fun. The biggest jackpots are the best, so make sure you select one that meets your requirements and budget. This will ensure that you enjoy a an enjoyable and thrilling experience.

Free slots are offered in a myriad of themes and genres. You could spend hours browsing various types of slots for free to find the right game for you. In contrast to real money, these games don’t come with universal rules that can be used to determine how they should be played. They are also extremely popular with those who love to play casino games. By following a few simple rules, you can begin playing to have enjoyment. This is the enbet güncel giriş only way to have the most enjoyment.

You don’t have to download the best free slots. This means that you can play them on any device. They should be compatible with mobile devices and desktop computers. You should also check for viruses and malware. If you’re looking to play online slots, be sure to verify that they’re compatible with your computer. It’s easy to play online slots with your smartphone or tablet. Be sure to select a reliable and safe internet connection.

For those new to the world of casinos, free slot machines are a popular choice. These games can be used to teach you the fundamentals of the game, so long as you don’t intend to play for real cash. It is also possible to earn real money when you play to have fun. You don’t need to download software or spend any money to play. This will allow you to choose which slot machine to play.

There are also bonus casino games aside from the free slots. While you don’t have to pay for access to them, you should be aware of the terms and conditions and be sure to read them thoroughly. A casino might provide a bonus which can be claimed. You may need to deposit money in order to get these bonuses, but it’s worth to try them out first. These games aren’t as effective as the real thing.

Many places offer free slots machines. These games can be played on your mobile via Google Play and Apple’s App Store. You can also play free slot games on your computer or mobile browser. You can find a variety of games that are popular on these websites. Be sure to study the rules before casibom güncel adres playing for real money. Keep in mind that not all states consider online gambling legal. So, always make sure you go through the terms and conditions prior to betting.

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SanlamAllianz Organises Roadshow To Deepen Insurance Awareness

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By Sola Alabadan

SanlamAllianz, formed from the merger of Allianz and Sanlam, will begin 12-city nationwide roadshow on June 23, following the brand’s recent official introduction to the Nigerian market.
The campaign, which will take place in Lagos, Ibadan, Akure, Warri, Port Harcourt, Uyo, Onitsha, Enugu, Owerri, Kano, Jos, and Abuja, is part of the company’s strategic effort to deepen customer engagement, and raise awareness about the brand and insurance.
It is also intended to demonstrate the company’s commitment to making wealth creation and financial protection capabilities more accessible to individuals and businesses in the country.
Speaking on this initiative, Tunde Mimiko, MD/CEO of SanlamAllianz Life Insurance, said: “This nationwide campaign signals the scale of our ambition and the depth of our commitment to the Nigerian market. At the heart of insurance is trust, and trust begins with presence. Reaching customers where they are is fundamental to how we are building SanlamAllianz.
“This roadshow is a strategic move to bridge the gap between perception and reality, allowing us to engage directly with our customers and Nigerians in general, challenge long-held misconceptions, and position insurance as a practical tool for thriving in financial confidence, building resilience and long-term financial security.”
As part of the roadshow, SanlamAllianz will hold customer engagement forums in each of the 12 cities. The in-person sessions allow customers to interact directly with the company’s leadership and frontline teams. The forums aim to reconnect with customers under the unified brand and reaffirm its long-term commitment to the local market.
“Insurance only becomes relevant when it is understood, trusted, and connected to the realities people face,” said Yomi Onifade, MD/CEO of SanlamAllianz General Insurance.
“These forums are our way of reintroducing SanlamAllianz not just as a merged entity, but as a unified brand committed to showing up for Nigerians. We are creating a platform for real conversations — to listen, address concerns, and deepen understanding. This is how SanlamAllianz intends to lead, by listening actively, showing up with solutions, and shaping a future where insurance is truly embedded in the fabric of everyday Nigerian life,” he added.
By adopting a city-by-city physical rollout, SanlamAllianz Nigeria is positioning itself as one of the few players actively investing in deeper grassroots engagement toward deepening insurance penetration in Nigeria.

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NAICOM, OHCSF Move To Ensure Workers Benefit From Group Life Assurance

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By Sola Alabadan

In order to equip civil servants with knowledge and tools to effectively manage and benefit from the Group Life Assurance Policy, the National Insurance Commission (NAICOM) and the Office of the Head of the Civil Service of the Federation (OHCSF) recently organised a capacity-building workshop on the compulsory insurance policy in Abuja.

Section 9(3) of the Pension Reform Act 2014 mandates employers to maintain a Group Life Assurance policy for their employees, with a benefit of at least three times the employee’s annual total emolument.

The workshop brought together stakeholders from government ministries, departments, and agencies to enhance understanding and implementation of the policy.

In her opening remarks, Mrs. Didi Esther Walson-Jack, Head of the Civil Service of the Federation, represented by Mrs. Oyekunle Patience, emphasised the importance of insurance in safeguarding public servants’ welfare and ensuring financial security for their families. She commended President Bola Tinubu for renewing the annuity policy and applauded NAICOM for initiating the training.

The Commissioner for Insurance, Mr. Olusegun Omosehin, represented by Mr. Ekerete Ola Gam-Ikon, Deputy Commissioner for Finance and Administration, expressed appreciation for the collaboration and assured participants of NAICOM’s commitment to transparency and accountability in policy implementation.

The workshop aimed to equip civil servants with knowledge and tools to effectively manage and benefit from the Group Life Assurance Policy, a critical component of the Federal Government’s welfare package.
The event marked a significant step in strengthening life insurance policy implementation across the federal civil service, reinforcing the government’s dedication to employee well-being.

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