NAICOM Recruitment 2021-2022 Application | In this post, we have National Insurance Commission recruitment 2021 as well as the requirement which is currently underway.
Do you want to work for the National Insurance Commission; have you ever fantasized about working for the Commission? The NAICOM has announced the recruitment of young Nigeria graduates for the year 2021, so this is your golden chance.
National Insurance Commission – NAICOM Recruitment
- 1 National Insurance Commission – NAICOM Recruitment
- 2 The NAICOM Recruitment Funtions
- 3 NAICOM Recruitment 2021
- 4 Qualifications and Criteria for NAICOM Recruitment
- 5 NAICOM Recruitment 2021 Vacant Position
- 6 How to Apply for a Position at the NAICOM Recruitment in 2021
- 7 Structure of the Company (NAICOM Recruitment)
- 8 Trending Jobs in Nigeria 2021
In 1997, the National Insurance Commission was created with the mission of controlling and overseeing the insurance industry in Nigeria. As a consequence, it takes the place of the former regulatory body, the Nigeria Insurance Supervisory Authority.
The NAICOM Recruitment Funtions
- To create industry standards in Nigeria for the conduct of insurance sector.
- Secondly, rates of insurance premiums to be charged with relation of all types of insurance company must be approved.
- Often, ensure that strategic government assets and other resources are adequately protected.
- Regulate transactions between Nigerian insurers and re-insurers and those from other countries.
- Assist the federal government in all matters relating to insurance.
- Finally, for all types of insurance business, approve requirements, conditions, and warranties.
NAICOM Recruitment 2021
The recruitment process for Naicom is currently underway. In reality, this page contains all of the essential details you’ll need to know about the National Insurance Commission’s job openings.
Furthermore, this page will instruct you on how to apply for a position with the NAICOM Recruitment; however, all requirements and qualifications are listed on this page; read on for more information.
Qualifications and Criteria for NAICOM Recruitment
- First and foremost, a B.Sc, HND, NCE, or OND from a recognized institution in any discipline is required.
- Applicants must be under the age of 35.
- As a result, all applicants must have a West African School Certificate (WASC) or Senior Secondary School Certificate (SSSC) with Credits in at least three (3) subjects, including English, and passes in at least two (2) other subjects; or a
- National Examination Council (NECO)/General Certificate of Education (GCE) Ordinary Standard with passes in four (4) subjects obtained in one sitting or five (5) subjects obtained in two sittings; or a National Examination Council (NECO)/General Certificate of Education (GCE
- A National Diploma (ND) from a recognized institution is required.
- National Certificate of Education (NCE) from a recognized institution; or a General Certificate of Education (Advanced Level) with two (2) subjects completed in one sitting or three (3) subjects completed in two sittings.
- In addition, the nominee must be computer literate.
- Above all, all applicants must be Nigerian residents, either by birth or by naturalization.
- In fact, all applicants must be medically qualified and free of any health-related problems.
- In addition to the criteria, all applicants must be able to present a national identification document, such as a voter’s card, driver’s license, national identity card, or international passport.
NAICOM Recruitment 2021 Vacant Position
- First and foremost, Deputy Commissioner (Technical)
- Operational Manager Deputy Commissioner (Finance)
- Finally, there are Corporate Directors.
How to Apply for a Position at the NAICOM Recruitment in 2021
Having completed the NAICOM Recruitment Application Form 2021/2022,
Please go to naicom.gov.ng, the official website of the National Insurance Commission, and at the very least, follow the instructions to complete your online applications.
Structure of the Company (NAICOM Recruitment)
The Federal Ministry of Finance and the Governing Board are in charge of the Commission’s governance. The Commissioner for Insurance is the Chief Executive Officer, and he is assisted by two deputies: Deputy Commissioner Technical and Deputy Commissioner Finance and Administration.
Within the framework indicated, the following Directorates/ Units provide the Commission’s internal and external services:
- Issuing Insurance Company Licenses, Chief Executive Officer permits, business combinations, new insurance products, new branch offices, and controlling compliance with local content requirements as it applies to Insurance Contracts in the Oil & Gas and Aviation sectors. It also oversees insurance and reinsurance companies’ business behavior and security analyses, as well as assisting government ministries, departments, and agencies with government property insurance.
- Inspectorate Directorate: Conducts on-site inspections of insurance institutions as required by Section 31(1) of the NAICOM Act of 1997, applicable anti-money laundering laws and regulations, and any other applicable laws.
Off-site” control of all Insurance Institutions, including financial review, solvency evaluation, appraisal of assets protecting policyholders’ funds, and financial stability and viability assessment, among other things. It also reviews insurance providers’ and brokers’ audited consolidated financial statements and quarterly returns.
- The Commission’s accounting records are maintained by the Finance and Accounts Directorate, which also plans and maintains the Commission’s budget, collects revenue, and makes payments on its behalf. It also prepares the Commission’s annual financial statements.
- The Information, Statistics, and Strategy Directorate gathers and manages industry data, performs research to support the Commission’s mandate, coordinates organizational strategic planning, and tracks strategic priority execution.
- Human resources management and administrative services are the responsibility of the Administration and Human Resources Directorate.
- Commissioner of the Insurance Directorate is in charge of the following divisions:
- IT Services and Infrastructure are the responsibility of the Information Technology Unit.
- Corporate Affairs: Serves as the Commission’s spokesman and logo maker. Handles insurance entities’ marketing and contact, media relations, stakeholder engagements and brand management, protocols, and ad approvals.
- SERVICOM Unit:Monitors ensures the Commission’s quality service delivery, performance, and accountability.
- Procurement Unit: This unit is in charge of the Commission’s procurement of goods, works, and services.
- Business Development Unit: This unit coordinates the Commission’s market development and financial inclusion initiatives throughout the region.
- Corporate Governance, Enforcement & Compliance Directorate: Manages governmental interference, as well as matters of enforcement and compliance with laws and regulations, as well as the administration of penalties for violations.
- The Legal & Liquidation Directorate is in charge of coordinating receiverships and liquidations.
Companies that have been canceled.
Provides legal advice, contract vetting and writing, sealing of official records, and court supervision.
- Lagos Office: This location serves as the headquarters branch.
- Financial transactions and documents are audited, and compliance with financial laws and regulations, as well as the Internal Control Structure, is maintained.
- Secretariat to the Commission and Board: Provides secretariat services to the Board.
- The Complaint Bureau Unit collects and addresses all concerns about insurance providers not paying claims.
NAICOM Recruitment Directors’ Remuneration and Governance
- Directors are required to protect and maximize the value of the company’s stock.
- The Board of Directors shall be empowered to make the required time commitments, be adequately paid, obtain sufficient meeting minutes, and be provided with adequate information to allow them to execute their duties and assess management performance.
- Directors must be proactive and conscientious in carrying out their duties.
- The Board of Directors will set Director remuneration and request approval at the Annual General Meeting.
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