NAICOM, NCAA Set Up Joint Committee On Aviation Industry Insurance

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The National Insurance Commission (NAICOM) and the Nigerian Civil Aviation Authority (NCAA) have set up a joint committee on aviation-related matters with a view to improving risk-underwriting coverage processes in the industry.

The committee was constituted at the NAICOM Office in Abuja  when a delegation from NCAA led by the DGM, Financial Health & Aviation Insurance, Mrs. Dorcas Rominiyi, visited the management of the commission.

The Commissioner for Insurance/Chief Executive Officer of NAICOM, Olusegun Omosehin, who was represented by the Deputy Commissioner Technical, Dr. Usman Jankara, explained that the commission’s primary responsibility remained the regulation of the insurance industry’s business activities and protect the interests of policy holders.

The NAICOM, in a statement, disclosed that the primary objective of the joint Technical Committee was to reaffirm its long-standing commitment to safeguarding the interests of policyholders.

According to the statement, the terms of reference of the joint committee include the “verification of certificate of insurance and other insurance-related documents of airline operators, affiliate agencies, and NCAA service providers; providing technical support to the NCAA on insurance matters; coordinating/facilitating resolutions of complaints of airline operators on insurance covers and services during periodic meetings; and providing advice to the NCAA on all aviation insurance-related matters bordering on adequacy and validity.

Others are coordinating trainings/workshops/awareness programmes for NCAA/NAICOM and its stakeholders on aviation insurance, coordinating training on insurance and aviation matters, organising and attending periodic meetings of both organisations, carrying out periodic reviews of the minimum insurance cover requirements by all persons/groups of persons having a duty as operators/providers in the aviation sector to maintain adequate insurance for their operations during periodic meetings, organising and attending periodic meetings with airline operators and insurance providers, and carrying out any other tasks as the collaboration allows.

In her remarks, Rominiyi, who led the NCAA delegation on the visit, promised that the NCAA management would do its best to ensure that the committee’s objectives were achieved.

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