The Nigerian insurance industry is set to launch the unified strategic master plan during the industry’s 2023 National Conference slated for October this year. The Commissioner for Insurance and Chief Executive Officer, National Insurance Commission (NAICOM), Mr. Olorundare Sunday Thomas in this interview with THE WHISTLER spoke on the impact of the foreign exchange liberalization policy on the insurance sector and the issue of claims settlement among others. EXCERPTS…
Of course, it has had an impact as asset replacement is now becoming an issue and when you get to a position where assets you acquire at a particular amount and now change, the immediate result is that people are not quick to revalue their assets.
