Sunday Ojeme 
To enhance its effort at boosting insurance penetration in the country, the National Insurance Commission (NAICOM) has gone further to partner with more organisation.
Besides the series of meetings with some government agencies in the past, the Commission took the notch further last week with another collaboration with two more bodies.
As part of the pact consolidation the Commissioner for Insurance (CFI), Olusegun Ayo Omosehin, last week, announced plan by the Commission to enter into partnership with the Nigeria Social Insurance Trust Fund (NSITF).
The Commissioner stated this when he paid a courtesy visit to the Managing Director (MD/CE) of the Nigeria Social Insurance Trust Fund, Mr. Oluwaseun Faleye, in Abuja.
The purpose of the visit was to discuss areas of collaboration between the Commission and the NSITF to deepen insurance penetration, harnessing the benefits of both conventional and social insurance, data sharing and analytics, capacity building and training, creating awareness and advocacy, driving compliance with Insurance requirements and many more.
The two agencies agreed to set up a joint committee to drive the collaboration, harness the contribution of insurance generally to national output and also boost growth potentials of the insurance sector in Nigeria.
In the same vein, Omosehin played host to a delegation from the Nigerian Factoring Working Group in his office. The delegation made up of members from NEXIM Bank, CBN, GIZ and AfreximBank was led by Mr. Hope Yogo.
The leader of the delegation, Mr. Hope Yogo, congratulated the new management of the Commission on their appointment and expressed confidence that the new leadership will effectively deliver on their mandate.
He stated that the working group, which is expected to transform into an association very soon, was formed to develop a conducive legal and regulatory infrastructure for factoring in the country.
He also stated that the main reason for their visit was to seek collaboration and partnership with the Commission and the insurance companies on their desire to engage all stakeholders in the value-chain and considering the vital role of insurance in factoring.
