Abuja, July 7, 2023: Mr Olorundare Thomas, Commissioner for Insurance, Nigeria, has been elected President, Organisation of African Insurance Supervisory Authorities (OAISA).
Thomas’ election alongside his Vice-President, Mr Issouf Traore of Cote D’ Ivoire was ratified at the general assembly of the body in Tunis, Tunisia, recently.
He was the pioneer Chairman of the West Africa Insurance Supervisors Association(WAISA).
Meanwhile, OAISA is an intergovernmental organisation, eligible for the rights and privileges granted by the 1961 Vienna Convention on Diplomatic Relations.
It is saddled with the responsibility of promoting cooperation among African Insurance supervisory authorities to share experience in effective supervision of the insurance industry in Africa.
The newly elected officials of OAISA shall serve the continent for a period of two years in the first instance and renewable once.
