NAICOM automates processes to enhance operations

 Chuks Udo Okonta

The National Insurance Commission (NAICOM) would soon commence work on the second phase of its Information Technology (IT) automation which is targeted at enhancing regulatory processes, Inspen can reveal.

Assistant Director Inspectorate NAICOM Sam Onyeka, who confirmed this, said the commission is automating its processes not just for anti-money laundering reporting, but to enhance operational efficiency.

He said the information technology project is in phases, adding that the commission has gone far with the first phase and that work on the second phase would soon commence.

Onyeka noted that completion of the automation process depends on a number of issues, including the speeds employed by the consultants on the work. He maintained that the consultants are working assiduously, to meet the specified time for the project completion.

As part of the commission's re-engineering process, it has redesigned its website to make its user-friendly.

NAICOM said the new site is designed encourage more social media presence and enhance interaction with the public.