Car insurance coverage illustration. Image: Chatmogul Elizabeth ChristopherOn Jul 7, 2023
Nigeria’s Commissioner for Insurance, Mr. Olorundare Sunday Thomas has been elected the President of the Organisation of African Insurance Supervisory Authorities (OAISA).
Mr. Thomas’ election alongside his vice-president Mr. Issouf Traore of Cote D’ Ivoire was ratified at the basic meeting of the physique at Tunis, Tunisia lately.
The OAISA is an intergovernmental organisation eligible for the rights and privileges granted by the 1961 Vienna Convention on Diplomatic Relations.
It’s an organisation saddled with the goal of selling cooperation amongst African Insurance Supervisory Authorities to share expertise in the efficient supervision of the insurance coverage business in Africa for the growth of Insurance Markets for the advantages and the safety of policyholders; contributing to capability constructing and monetary stability of the African Continent.
The newly elected officers of the Organisation are anticipated to serve for a interval of two (2) years in the first occasion, renewable as soon as.
Mr. Thomas was the pioneer chairman of the West Africa Insurance Supervisors Association, WAISA.
