NAICOM, Katsina govt move to deepen takaful insurance

The National Insurance Commission and the Katsina state government are collaborating to deepen insurance penetration in the state. Speaking at a sensitization workshop in Katsina on Thursday, the Head Corporate Communications and Marketing at NAICOM, Abdulrasaaq Salami said the objective of the workshop is to sensitize the top government functionaries of Katsina State, Khadis and […]

The National Insurance Commission and the Katsina state government are collaborating to deepen insurance penetration in the state.

Speaking at a sensitization workshop in Katsina on Thursday, the Head Corporate Communications and Marketing at NAICOM, Abdulrasaaq Salami said the objective of the workshop is to sensitize the top government functionaries of Katsina State, Khadis and Ulamas on the principles, operations and benefits of the Compulsory Insurances, Takaful and Microtakaful.

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He further stressed that Beyond the workshop, NAICOM “seek to partner on enforcement of compulsory insurances in the state, and we expect the state executive council to assist on the following: Incept the process of enacting state laws to domesticate the compulsory insurances earlier highlighted in conjunction with the state legislature, Ensure adequate insurance of assets and liabilities of Katsina State government,”

He said NAICOM will liaise with Takaful/insurance operators to determine product best suited for the government, farmers, private companies, MSMEs and individuals in the state

“Full implementation of compulsory insurances will help the government cushion the effect of recurring fire inferno in different markets across the state which has been causing so much economic havoc on our traders and the government.