Insurers ponder environment in product offerings, payouts

As the global community implement sustainable programmes in response to social, economic and environmental realities, players in the Nigerian insurance industry have found need to align with product offerings and payouts.

Sunday Thomas, commissioner for Insurance/CEO, National Insurance Commission (NAICOM) at the 2022 Insurance Directors’ Conference held in Lagos said industrialisation and economic development have given rise to a wide spectrum of environmental externalities and social impacts bringing to the fore issues such as board structure, shareholder rights, business ethics, risk management, incentives and executive compensation.