NAICOM, NDPC companion to strengthen information safety

The Nationwide Insurance coverage Fee and the Nigerian Information Safety Fee have signed a Memorandum of Understanding to strengthen information safety within the insurance coverage sector.

In keeping with a press release from NAICOM, this can be a vital step in enhancing information safety throughout the insurance coverage sector.

The assertion mentioned, “A few of the aims of the MoU embody coaching and capability constructing to reinforce consciousness and expertise in information safety, organising specialised clinics to deal with information safety considerations and supply steering, usually monitoring and implementing compliance with information safety rules.

“Educating insurance coverage corporations on the significance of information safety and the advantages of adhering to greatest practices and creating specialised tips for insurance coverage establishments to make sure they’re geared up to deal with information safety obligations successfully.

“This collaboration marks a major milestone in safeguarding the non-public information of insurance coverage policyholders and selling belief within the insurance coverage sector.”

It added that to make sure the efficient implementation of the MoU, an implementation committee will likely be established comprising representatives from the 2 companies, in addition to different key business associations, together with the Nigerian Insurers Affiliation) and the Nigerian Council of Registered Insurance coverage Brokers.

The committee’s main accountability will likely be to observe progress, present steering, and facilitate collaboration amongst stakeholders to ensure the profitable execution of the MoU.

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