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| Daniel |
Chuks Udo Okonta
Unless the insurance
industry is developed; there is vibrancy; the regulator over time will become
idle as there will be nothing to control or regulate, the Commissioner for Insurance
Fola Daniel has said.
He disclosed
this in Lagos, stressing that in the last six years, the industry has adopted
developmental strategy than regulatory.
“We believe that
unless the industry is developed; there is vibrancy; the regulator over time
will become idle as there will be nothing to control or regulate. So, we have
focused more on developing the industry and that was why we introduced the Market
Development and Restructuring Initiative (MDRI) programme and other reforms.
The focus has been on development and that is where we are going,” he said.
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