Federal Fire Service to Integrate Fire Insurance Policy into Checklist

By LOVETH AZODO, Lagos

The Federal Fire Service has announced plans to incorporate Fire Insurance Policy into its operational checklist.

This move is aimed at boosting compliance and promoting insurance penetration in Nigeria.

The decision was made during a meeting with the National Insurance Commission (NAICOM) at the commission’s headquarters in Abuja.

The partnership between the two bodies is designed to enhance the enforcement of insurance regulations, particularly concerning public buildings and those under construction.

As a critical member of the committee on insurance for such structures, the Federal Fire Service’s role in integrating Fire Insurance Policy is expected to bring numerous benefits.

According to NAICOM, the initiative will improve settlements for victims of building collapses, mitigate risks, protect investments, and contribute to economic growth by increasing awareness and adoption of insurance products among property owners and developers.

Deputy Commissioner for Finance and Administration at NAICOM, Mr. Ekerete Ola Gam-Ikon, who presided over the meeting, highlighted the importance of collaboration in ensuring a safer, more financially secure environment.

He noted that the integration of Fire Insurance Policy into the Federal Fire Service’s checklist marks a significant step toward minimizing the devastating impact of building-related hazards and fostering greater insurance compliance across the country.

With this development, the Federal Fire Service and NAICOM are set to work closely to ensure effective implementation, signaling a new era of proactive risk management and economic stability in Nigeria.