The National Insurance Commission (NAICOM) has issued operational guidelines to serve as a working document to register, supervise and monitor web aggregators as insurance intermediary who maintains a website for providing information on products of different Insurers.
NAICOM said it issued the guidelines in conformity with the powers conferred on it by the National Insurance Commission Act 1997.
According to the NAICOM, the Insurance Web Aggregators Operational Guidelines comes into effect on the date of release to the insurance industry and the public.
These guidelines, it added shall apply to all Web Aggregators and Insurers respectively carrying on insurance business in Nigeria.
“These guidelines shall be read in conjunction with other relevant legislation, guidelines and circulars as determined to be applicable to the newly inclusive distribution channels approved by the commission.
“It is the responsibility of Web Aggregators to obtain any clarification required on the applicability of this Guidelines, and any other Regulations from the Commission”, it further stated.
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