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On the 3rd of November, 2020, the National Insurance Commission (NAICOM) released the Nigerian Insurance Industry ICT Guideline (N3IG 1.0) Version 1.0. The Guideline, which is the first of its kind, primarily aims to set the minimum standard for the use of Information Technology in the industry.
The Guideline is pertinent to raising the bar for the digitization and automation of the industry’s operations and processes in line with global trends. Generally, the Guideline is quite commendable, however, there is a need to understand its scope and impact on the major stakeholders in the industry.
