The Nigerian Insurers Association (NIA) has said that it would collaborate with the National Insurance Commission (NAICOM) to implement the 10-year strategic plan and finalise the consolidated insurance bill.

The association also expressed its willingness to collaborate with the new Executives of NAICOM in their effort to elevate the insurance sector to greater heights.

The NIA said this when its staff paid a courtesy visit to the commission in Abuja. The delegation was briefed on the commission's ongoing review of its strategic plan to align it with the Nigerian Insurance Industry's 10-year strategic plan.

The Commissioner for Insurance, Olusegun Ayo Omosehin at the meeting assured continued collaboration with the NIA to safeguard consumer rights, particularly in ensuring the prompt settlement of genuine claims.

In his concluding remarks, the Commissioner for Insurance affirmed the executive management's ambition to drive growth in the Nigerian insurance market.

He said there was a collaborative spirit between NAICOM and NIA, highlighting a shared commitment to advancing the insurance sector and protecting the interests of consumers.

During the meeting, the NIA incoming Chairman congratulated the recently appointed Executive Management and expressed gratitude to the Commission for its pivotal role in maintaining a fair and stable insurance sector.