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| Daniel |
Chuks Udo Okonta
The National Insurance
Commission (NAICOM) is poised to improve the agricultural system by initiating new
perspectives on climate insurance, the Commissioner for Insurance Fola Daniel,
has said.
He disclosed this in
Lagos, adding that this has become necessary due to recent climatic changes and
the menace of floods to agricultural produces.
Daniel said: “Looking at
the recent climatic changes and the menace of floods to our agricultural
produce, NAICOM is poised to improve the agricultural insurance system by way
of coming out with new perspectives on climate insurance.
“Against this
backdrop, I call on the industry to exploit the opportunities provided by the
microinsurance guidelines for us to get the encouragement to start thinking of
the next level of productivity that lay ahead for the prosperity of the
industry.”
He said the commission
is committed to driving the industry to greater heights through the provision
of strategic and far reaching regulatory frameworks aimed at reducing risks and
entrenching local participation.
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