Unpacking The Naicom Revised Prudential Guidelines for Insurance Institutions in Nigeria
Introduction
The NAICOM prudential Guidelines (guidelines) sets out the minimum prudential standards for underwriting, reinsurance, investments, reserving, outsourcing, intermediary services, etc. required from Insurance Institutions to facilitate reliable, sound, and sustainable growth of the insurance industry.
The guidelines are divided into three parts,
PART A: Applies to Insurers and Reinsurers
PART B: Applies to Insurance Intermediaries
PART C: General Application
This webinar focuses on Part A Clause 6; RISK MANAGEMENT FRAMEWORK FOR INSURERS AND REINSURERS IN NIGERIA.
This webinar session aims to explore Part A, Clause 6 of the revised guidelines for insurers and, reinsurance institutions, identify the implications of these revised guidelines on current practice and facilitate the implementation of these guidelines in processes by insurance and reinsurance institutions in Nigeria.
It will provide the Board of Directors and Management of insurance institutions with a framework for the establishment of revised policies and procedures for internal controls.
Webinar objectives/ Aim
- Provide a comprehensive analysis of the revised NAICOM prudential guideline Part A (6).
- Explore the value of the updated guidelines on Enterprise risk management processes
- Help identify the implications and gaps between the existing risk management framework and requirements in line with updated guidelines.
- Train board with the capacity to set risk appetite and interrogate the value of their insurance companies’ enterprise risk and performance management process.
Who should attend?
- CEOs, CROs, Executives Directors, Senior Managers, and Professionals in the Insurance and Reinsurance Industry.
Partners/Sponsors
