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Why insurance firms apply caution underwriting aviation risks, says NAICOM boss
…Says underwriters’ ‘ve capacity to cover sector risks The Commissioner for Insurance and the Chief Executive Officer of the National Insurance Commission (NAICOM), Olusegun Omosehin has said that the high capital-intensive nature of aviation has made insurance firms to be very careful with underwriting risks in the sector. Speaking at the 4th Chinet Avia Cargo Conference 2024 in Lagos, he said the situation makes every aviation risk pass through NAICOM for proper scrutiny. He however…
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