The Commissioner For Insurance and Chief Executive, National Insurance Commission, NAICOM and the Managing Director of the Nigeria Social Insurance Trust Fund, NSITF have agreed to work together to enhance the contribution of Insurance to national output while also boosting the growth potential of the sector.

The alliance is the fallout of the courtesy visit by the NAICOM CFI/CEO, Mr. Olusegun Ayo Omosehin on TD he Managing Director/CE of Nigeria Social Insurance Trust Fund Mr. Oluwaseun Faleye at the NSITF Headquarters, in Abuja on Wednesday.

The two(2) CEOs discussed some areas of collaboration aimed at deepening insurance penetration, harnessing the benefits of both conventional and social insurance, data sharing and analytics, capacity building and training, creating awareness and advocacy, driving compliance with Insurance requirements and many more.

They also agreed to set up a joint committee to drive the collaboration, harness the contribution of insurance generally to national output and also boost growth potentials of the insurance sector in Nigeria.