NAICOM set to review MDRI programmePosted: 12 years ago |
The National Insurance Commission (NAICOM) has concluded plans to review the Market Development and Restructuring Initiative (MDRI) which was designed to enhance the industry's growth. This was disclosed by the Commissioner for Insurance Mr Fola Daniel. Mr Daniel disclosed that NAICOM will next year review the operational guidelines of the initiative to align it for better performance. The NAICOM boss who also said that the review is one of the commission's programme for the new year however declined to give the time table for the review and when the expected guidelines would be released. The review, he said, has become necessary due to the failure of the industry to achieve some of its projections in the first phase where a target of N1 trillion premium income could not be achieved. According to Chief Yemi Soladoye, If implementation started in 2011, it will be a case of shifting the deliverables forward base on the difference on the ground between the strategy crafting and the implementation. The initiative is remarkable in the history of the industry and it is also an evergreen thing." He however noted that the initiative cannot be wished away, as it has brought about many developments, adding that efforts by NAICOM to reposition the industry through micro-insurance, Takaful and more are strategic plans stated in the MDRI document. |
Tags: |
Review Programme Commission Development Initiatives Restructuring Income Industry Insurance Projection Micro-Insurance |
Related News
CMD / ABS to hold Conference on Africa's Great Women in Leadership and Business Decision Making The Centre for Management Development (CMD) in collaboration with African Business School (ABS) holds a conference on "Africa’s Great Women” In Leadership and Business Decision Making.
The theme of the conference is "Women, Strategic Leadership and Business Potentials". [Read more]
|
Posted: 8 years ago | |
NST Weekly Digest – Decision-Making
The ability to make smart, well-informed decisions is one of the most important skills any individual can possess. As Lisa Wingate once said, "The hardest thing about the road not taken is that you never know where it might have led." Through the week, we explored various is [Read more]
|
Posted: 12 months ago | |
CIPM to hold the 9th Special Human Resource Forum for 2017 The 9th Special Human Resource Forum of the Chartered Institute of Personnel Management of Nigeria (CIPM) for 2017 will hold at the Lagos Oriental Hotel, Victoria Island on the 24th of May, 2017 in Lagos, Nigeria.
The theme of this year's forum is HR Dilemma: Optimizing the Conflict [Read more]
|
Posted: 8 years ago |