NAICOM Archives - Aviation metric

Airline operators, NAICOM, seek solution to aviation sector burden

Posted on November 7, 2024 by Wole Shadare

Airline operators have expressed worry over the additional burden imposed by local insurers, and representatives. This is coming as the National Insurance Commission (NAICOM) emphasized the local insurance industry’s capacity and expertise in managing aviation-related risks, stating that the industry was prepared to meet international standards. This issue came to light during a stakeholder engagement aimed at forming new partnerships between the Nigeria Insurance Association (NIA) and airlines While members of the Airline Operators…

Why insurance firms apply caution underwriting aviation risks, says NAICOM boss

Posted on August 23, 2024 by Wole Shadare

…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…