Nigeria’s Commissioner For Insurance, Sunday Thomas, has been elected the President of the Organisation of African Insurance Supervisory Authorities (OAISA).
In a NAICOM statement made available to Channel Network Afrique, CNA, Mr. Thomas was election alongside Mr. Issouf Traore of Cote D’Ivoire as the Vice President.
According to the statement, the election was ratified recently at the General Assembly of the body in Tunis, Tunisia.
The newly-elected officials of the organisation shall serve the continent for a period of two years in the first instance, renewable once.
The OAISA is an Inter-Governmental Organisation eligible for the rights and privileges granted by the 1961 Vienna Convention on Diplomatic Relations, and saddled with the objects of promoting cooperation among African Insurance Supervisory Authorities, to share experience in the effective supervision of the insurance industry in Africa, for the development of Insurance Markets for the benefits and the protection of policyholders; contributing to capacity building and financial stability of the African continent.
Mr. Sunday Thomas was the Pioneer Chairman of the West Africa Insurance Supervisors Association (WAISA).
