Nigeria's National Insurance Commission (NAICOM) convened the fourth meeting of the Joint Committee on Insurance for Public Buildings and Buildings Under Construction, bringing stakeholders together to review progress and challenges in implementing insurance requirements for public buildings and buildings under construction. The meeting, held in Abuja on 14 May 2024, was chaired by Deputy Commissioner for Insurance, Finance and Administration Ekerete Ola Gam-Ikon. NAICOM added new committee members from the quantity surveying profession and outlined its enforcement approach, which started with third-party motor insurance and is being extended to public buildings and buildings under construction, alongside a focus on coordination with other regulatory agencies and on claim settlement.
Nigeria National Insurance Commission 2025-07-21
Nigeria's National Insurance Commission convenes 4th joint committee meeting on insurance for public buildings and buildings under construction
Nigeria's National Insurance Commission (NAICOM) held the fourth meeting of the Joint Committee on Insurance for Public Buildings and Buildings Under Construction to assess implementation progress and challenges. Chaired by Deputy Commissioner Ekerete Ola Gam-Ikon, the meeting introduced new members from the quantity surveying profession and discussed extending enforcement from third-party motor insurance to public buildings, emphasizing coordination with other regulators.