Sunday, 24 November 2013

NAICOM’s PROJECT


 

NAICOM’s PROJECT
e-REGULATION




INTRODUCTION

In order to provide a robust, world class ICT architecture and implement efficient and automated business processes internally and for industry supervision on an industry wide platform, the Commission through the IT unit embarked on a program tagged Project e-regulation




BACKGROUND




 

 

Project e-regulation

OBJECTIVES

Transform NAICOM and the Insurance industry through an efficient and effective supervision regime that takes advantage of advances in ICT to improve business performance, reduce fraud and wastage and increase confidence in the Insurance Sector
Project Scope
Financial Management Application
Human Capital Management Application
Website upgrade
Intranet deployment
End user infrastructure upgrades
Training and Capacity building
Messaging and Collaboration Implementation
Contact Centre and Complaint Management System


Project Implementation Strategy
As a strategy the implementation was divided into 4 phases
Building of IT Infrastructure
Automating NAICOM’s Support Processes
Automating NAICOM’s Technical Processes
Automating Industry Wide Processes




INFRASTRUCTURE


The following ICT Infrastructure is already in place:

Data Centre at Abuja

Local Area Network in the Abuja Office

Servers and Storage

IP PBX Telephony

Disaster Recovery Centre in Lagos

The Wide Area Network (WAN) is in progress this will connect NAICOM head Office to all the Zonal Offices

AUTOMATING NAICOM’S SUPPORT PROCESSES


Messaging And Collaboration

Electronic Document Management System

Enterprise Resource Planning: Financial And Human Resources Management

AUTOMATING NAICOM’S TECHNICAL PROCESSES


Contact Centre And Complaint Management System

Business Process Management

Supervisory Database And Application

AUTOMATING INDUSTRY WIDE PROCESSES





Unique Policy Database Implementation

Industry Portal


SUPERVISORY DATABASE AND APPLICATION

A comprehensive database for the insurance industry that enables the commission effectively supervise the operation of insurance industry practitioners and provide timely information to the general public.

This database captures and stores Insurance, Re-insurance, and insurance brokerage information including licenses, financial records, operational and transactional data.
SUPERVISORY DATABASE contd.



This also automates the processes of the Supervision Department. Apart from the database, it includes

A Portal

Business Intelligence for Financial Analysis

CONTACT CENTRE AND COMPLAINTS MANAGEMENT SYSTEM



NAICOM contact management center (CMC) serves as a focal point from which all insurance policyholders can get answers to requests, complaints, enquiries and any rational support.


CONTACT CENTRE contd.



The contact center include an online call centers along with other types of customer contact such as e-mail, postal mail catalogs, web site Enquiries, chats and the collection and supply of beneficial information to and from consumers of insurance services


Contd.

Identify problems that insurance policyholders are facing and assist with formulating appropriate policy and regulations.



 Ensure satisfaction and increased loyalty of the general public and consumers of insurance services.



Foster one-to-one relationships with insurance policyholders



Identify public needs and expectations.



 
BUSINESS PROCESS AUTOMATION

This project is to automate the processes of the Authorization and Policy and Inspectorate Directorate.



Optimize and automate the customer-facing processes (and sub-processes) to enhance the efficiency and effectiveness of the Commission’s service delivery to its stakeholders.



Significantly increase its revenue collection by eliminating leakages in its effort to improve its financial revenue.


BUSINESS PROCESS Contd.



Enhance productivity of A&P and Inspectorate Directorates through automation of its processes.

Enable the effective use of technology to drive process efficiency.

UNIQUE POLICY IDENTIFICATION SYSTEM

The unique policy identification system is to monitor and account for all policies issued.

This system will reduce to the barest minimum the prevalence of improper records regarding policies issued.

NAICOM will be able to track the activities and revenues being made by insurance companies and brokers.
UNIQUE POLICY IDENTIFICATION contd.



This system is to build an integration point for the various stakeholders involved in insurance policy issuance

Generate and provide a unique identification number for every policy issued, in order to track and provide relevant statistics on them.

 
Contd.

Develop a capacity in NAICOM to record all policies issued by Nigerian insurance companies.

Ensure proper accountability of all premium returns by insurance companies

Capture all businesses done by every broker through the underwriter.
Contd.

Ensure proper accountability of all insurance levies received from brokers.



Provide easy access to data regarding policies issued, to support analysis and policy based decision making.


INDUSTRY PORTAL

The portal provides a single point of access for all NAICOM services


Validate the authenticity of insurance policies

Accessible from any location within Nigeria

The system should be able to interact or communicate with other systems/users such as FRSC, Police, and VIO.
 

 

 

 

 

 
Contd.

Virtual Private Network (VPN) will be put in place to provide secured connection to insurance companies, and other LEA systems.

Highly scalable and robust architecture and should be able to produce response in acceptable time.

It provide capability for search
Contd.


There would be:

Availability of process information on the Industry

Collaboration of industry partners

Sensitization of members of the public and stakeholders


Industry buy-in and adoption

Cooperation between stakeholders

Upgrade of industry technology base
CONCLUSION




This exercise when completed will provide NAICOM with a robust, world class ICT architecture and implement efficient and automated business processes internally and for industry supervision on an industry wide integrated platform.

THANK YOU

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