The Commissioner for Insurance and Chief Executive of the National Insurance Commission, paid a courtesy visit to the Hon. Minister of Aviation

The Commissioner highlighted the core functions of the Commission, which include regulating, supervising and developing the insurance industry in Nigeria, and acting as adviser to the Federal Government on all insurance related matters, while ensuring the protection of insurance policyholders, and public trust.

The Commissioner of Insurance and Chief Executive Officer of National Insurance Commission, NAICOM, Mr. Olusegun Ayo Omosehin has briefed the Honourable Minister of Aviation and Aerospace Development, Mr. Festus Keyamo SAN on Wednesday, in Abuja, on the workings and arrangements of aviation insurance and reinsurance, in accordance with extant laws.

Omosehin laid emphasis on local content provisions of the law, the global practice of risk sharing, developing local capacity and expertise, managing capital flight and supporting the growth of our GDP.

While welcoming the Insurance Commissioner, the Minister of Aviation and Aerospace Development, expressed his delight for the visit, stating that he had been looking forward to the meeting, which was necessary to discuss critical issues impacting the operations of domestic airlines.

He stated that, based on the clarifications provided by the Commissioner for Insurance, he would like to convene a stakeholders meeting involving the Commission, airline operators and insurance operators to reach an agreeable position to all parties.

Also, in the meeting was the Managing Director of the Federal Airport Authority (FAAN), Mrs. Olubunmi Kuku.

The Hon. Minister and the Commissioner agreed that interaction of this nature was imperative in promoting the image of Nigeria while pushing for improvements in the relevant laws to attract and retain credible relationships with international stakeholders.