{"id":14397,"date":"2022-04-18T18:17:15","date_gmt":"2022-04-18T18:17:15","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/cross-border-supervision-naicoms-director-heads-ciswamz"},"modified":"2022-04-18T18:48:51","modified_gmt":"2022-04-18T18:48:51","slug":"cross-border-supervision-naicoms-director-heads-ciswamz","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/cross-border-supervision-naicoms-director-heads-ciswamz","title":{"rendered":"Cross border supervision: NAICOM\u2019s director heads CISWAMZ"},"content":{"rendered":"

Africa-Press – Gambia. <\/strong><\/span>The Director, Inspectorate Directorate at the National Insurance Commission, NAICOM, Mr. Pius Agboola, has been elected the Chairman of the College of Insurance Supervisors for the West African Monetary Zone, CISWAMZ.NAICOM explained in a statement that the objective of the college is to strengthen cross border insurance supervision through information sharing and investigative assistance, which are in conformity with International Association of Insurance Supervision (IAIS) principles, minimizing fraudulent activities in the insurance sector in accordance with the Financial Action Task-force (FATF) principles on Anti-Money laundering.<\/p>\n

NAICOM moves to shut insurance firms over claims failures<\/p>\n

NAICOM said: \u201cThe College of Insurance Supervisors of the WAMZ emphasizes on the important role of fostering closer relationship by creating an enabling environment for the insurance sector to flourish most especially through collaboration and; harmonization of regulatory standards; increasing operation of cross border network by branches and\/or offshore subsidiaries in the insurance sector; adding new dynamic dimension to the economies of countries; enhance solo supervision of insurance entities by the competent authorities; fostering a better understanding of supervisory practices and more efficient and effective supervision.\u201dNAICOM stated that the regulators are active members of African Insurance Organisation (AIO) and the IAIS thus recognize the importance of these arrangements for cooperation and information sharing amongst the six insurance regulators (Gambia, Ghana, Guinea, Liberia, Nigeria, Sierra-Leone).<\/p>\n

\u201cThe importance of CISWAMZ is further buttressed by the overarching objective behind the African Continental Free Trade Agreement (AFCFTA) by accelerating intra-African trade and providing a single market for goods and services, facilitated by movement of persons in order to deepen the economic integration and prosperity on the Continent as well as boosting Africa\u2019s trading position in theGlobal market by strengthening Africa\u2019s common voice and policy space in global trade negotiations.<\/p>\n

For More News And Analysis About Gambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Gambia. The Director, Inspectorate Directorate at the National Insurance Commission, NAICOM, Mr. Pius Agboola, has been elected the Chairman of the College of Insurance Supervisors for the West African Monetary Zone, CISWAMZ.NAICOM explained in a statement that the objective of the college is to strengthen cross border insurance supervision through information sharing and […]<\/p>\n","protected":false},"author":84,"featured_media":14396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,9],"tags":[2355,2361,5928,260,5927],"class_list":["post-14397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-miscellaneous","tag-africa-press","tag-africa-press-gambia","tag-ciswamz","tag-gambia","tag-supervision"],"yoast_head":"\nCross border supervision: NAICOM\u2019s director heads CISWAMZ - Gambia<\/title>\n<meta name=\"description\" content=\"The Director, Inspectorate Directorate at the National Insurance Commission, NAICOM, Mr. Pius Agboola, has been elected ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/cross-border-supervision-naicoms-director-heads-ciswamz\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cross border supervision: NAICOM\u2019s director heads CISWAMZ\" \/>\n<meta property=\"og:description\" content=\"The Director, Inspectorate Directorate at the National Insurance Commission, NAICOM, Mr. Pius Agboola, has been elected ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/cross-border-supervision-naicoms-director-heads-ciswamz\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-18T18:17:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-18T18:48:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2022\/04\/img-625db26458a6e.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"515\" \/>\n\t<meta property=\"og:image:height\" content=\"312\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/cross-border-supervision-naicoms-director-heads-ciswamz#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/cross-border-supervision-naicoms-director-heads-ciswamz\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Cross border supervision: NAICOM\u2019s director heads CISWAMZ\",\"datePublished\":\"2022-04-18T18:17:15+00:00\",\"dateModified\":\"2022-04-18T18:48:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/cross-border-supervision-naicoms-director-heads-ciswamz\"},\"wordCount\":314,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/cross-border-supervision-naicoms-director-heads-ciswamz#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2022\/04\/img-625db26458a6e.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Gambia\",\"CISWAMZ\",\"Gambia\",\"supervision\"],\"articleSection\":[\"all news\",\"homepage-english\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/cross-border-supervision-naicoms-director-heads-ciswamz#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/cross-border-supervision-naicoms-director-heads-ciswamz\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/cross-border-supervision-naicoms-director-heads-ciswamz\",\"name\":\"Cross border supervision: NAICOM\u2019s director heads CISWAMZ - 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