The National Insurance Commission (NAICOM) and experts in the Information Technology industry have charged insurance operators to invest in technology to effectively key into the financial inclusion target of the Federal Government. The Acting Commissioner for Insurance, Sunday Thomas, made this assertion at just concluded 2019 Insurance Professional Forum, tagged: “The Digital Era: Implications for Insurance Professionals”, organised by the Chartered Insurance Institute of Nigeria (CIIN) at Abeokuta, Ogun State. The NAICOM boss, said that failure of the insurance companies to key into the 21st century demand for digital business services might spell doom for the industry. He noted that insurance professionals need to be more alert and imbibe various relevant technologies as a baseline or core competency while adopting newer technologies – the internet of things (IoT). According to him, Insurance companies must effectively integrate into the robust financial circle to take its rightful place in the economy.

Source: The Guardian October 21, 2019 04:17 UTC