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NAICOM rules out CEO reps at meetings
  • Post by Admin on sunday, March 05, 2015

The Commissioner for Insurance Mohammed Kari, has warned that the Commission will no longer admit representatives at meetings meant for Chief Executive Officers of insurance companies. Kari made this known at the First 2018 Annual Insurers’ Committee’s Retreat held in Abeokuta.

"The idea of the Insurers’ Committee was borrowed from the Bankers Committee and it is a platform for the highest echelon of the insurance industry. Kari said that the commission expected that attendance at the committee’s meetings and retreats should be imperative and not optional. "However, it is sad to note that this is not the case.

Even when notices were given, some CEOs would give reasons not to attend and would send representatives. "These ‘representatives’ have no voice or mandate to accept or disagree a decision because they need to report back to the CEOs. "This would no longer be acceptable, you are either present with us or absent against us.

Photo Caption: The Commissioner for Insurance Mohammed Kari

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