By Tony Obiechina Abuja
The National Insurance Commission (NAICOM) and the Nigerian Civil Aviation Authority (NCAA) have joinedly set up a committee to address issues relating to the civil aviation industry.
The inauguration of the committee was held at the NAICOM Head Office in Abuja on Wednesday. The Commissioner for Insurance and CEO of the National Insurance Commission, Mr. Olusegun Ayo Omosehin, was represented by Dr. Usman Jankara, the Deputy Commissioner Technical.
In his remarks, Dr. Jankara while welcoming the team from the NCAA) led by Mrs. Rominiyi F. Dorcas, stated that the inauguration marked the beginning of a new collaborative effort.
The Deputy Commissioner stressed that the National Insurance Commission’s primary responsibility is to regulate the insurance industry’s business activities and safeguard the interests of policyholders.
According to him, this is against the backdrop of misconceptions that the Commission only serves the interests of insurance operators, rather than balancing the needs of both parties.
By emphasizing the Commission’s core mandate, the Commission aims to reassure the public that their protection is a top priority.
It was emphasized that the primary objective of the joint Technical Committee is to reaffirm the Commission’s long-standing commitment to safeguarding the interests of policyholders.
In the event of any accident or incident, the Committee ensures that all affected third parties receive fair compensation and are properly indemnified.
The joint committee’s terms of reference include, certification of certificate of Insurance and other insurance related documents of airline operators, affiliate agencies, and NCAA service providers; provide Technical support to NCAA on insurance matters; coordinate/facilitate resolutions of complaints of airline operators on insurance covers and services during periodic meetings.
To provide advice to NCAA on all aviation insurance related matters bordering on adequacy and validity, coordinate trainings/workshop/awareness programmes for NCAA/NAICOM and its stakeholders on aviation insurance; coordinate training on insurance and aviation matters and organise and attend periodic meetings of both organisations, among others.
*Members of the NAICOM/NCAA Joint Committee after the inauguration on Wednesday.
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