A portal of the National Insurance Commission (NAICOM) that will integrate all insurance transactions in the insurance industry into a single hub will go live next year, moving insurance businesses to online.
This was revealed by its Acting Commissioner, Mr Sunday Thomas on Thursday while speaking at the 2019 Insurance Professional Forum organised by the Chartered Insurance Institute of Nigeria (CIIN) in Abeokuta, Ogun State.
He noted that by the time the practitioners will meet next year, the Commission’s processes would have become fully automated and operational.
While, stating that the commission has encouraged practitioners to adopt technology in their businesses, he encourages operators to effectively integrate into the robust financial circle for insurance to take its rightful place in the economy
He said in the 21st century, digital technology has integrated the world and its systems into “one global village” where all transactions are now on our finger tips. Our smart phones perform wonderful functions including almost all financial transactions, he said.
These he said, are changes that affect all strata of their personal activities and businesses and bigger than the phase of the advancement are the implications which are already affecting us positively or negatively.
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