FSD Africa prepares NAICOM staff for risk based capital

The Managing Director Financial Sector Deepening Africa Mark Napier, along with his Management Team paid a courtesy visit on the Commissioner for Insurance Nigeria Olorundare Sunday Thomas.

Sequel to the partnership entered into by the National Insurance Commission (NAICOM) with FSD Africa, A Risk Based Capital (RBC) training for 70 staff of NAICOM has been on for two weeks and ends on Friday 28 July, 2023 and is being facilitated by Elias Omondi Principal in charge of innovation at FSD Africa.

Other benefits of the partnership for the Nigerian Insurance Industry include:

Development of Risk Based Capital framework and toolkit; incorporation of Economic, Social and Governance (ESG) Principles into our operations and development of Innovation portrait which would facilitate innovation for the regulator and insurance operators amongst others.

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