NCAA Urges Insurers to Align with Global Aviation Insurance Best Practices
The Nigeria Civil Aviation Authority (NCAA) Director General, Chinedu Ez, and Captain Chri Najomo urged insurers to adopt global best practices in aviation insurance. The recent summit in Lagos focused on ensuring compliance, transparency, and resilience in the aviation insurance sector.
Key speakers like Festus Keyamo emphasized the need for full compliance with international standards to provide a stable investment environment. Nigeria Airlines expressed regret over the lack of capacity in the local insurance market to underwrite high-risk operations.
Osita Okonkwo highlighted challenges in structuring insurance arrangements for large aircraft.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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