NAICOM urges NCRIB to tackle insurance poor acceptance
The Commissioner for Insurance, Alhaji Mohammed Kari
Commissioner, urged Insurance Brokers to come up with modalities to tackle the issue of poor acceptance of insurance products among the Nigerian populace.
The commissioner who was represented by the Deputy Commissioner for Insurance, Technical, Mr Sunday Thomas equally enjoined them to improve on service delivery to reduce existing gap by creating additional intermediaries to compliment the existing ones, whose interest have been put into consideration in the guidelines to be released.
Speaking at the 2017 Chief Executive Officers Retreat of the Council held in Calabar over the weekend, he assured that the Commission would partner with Cross River State Government and other State Government of the federation to ensure enforcement of compulsory insurances, stressing that NAICOM would appreciate contributions on how to move the industry forward.
Addressing the Chief Executive and top notch of the Insurance Broking profession in Nigeria, the President of the Council, Mr Kayode Okunoren noted that the choice of the Retreat theme, which is Possibilities! Possibilities! Possibilities!was apt and deliberate in view of the challenges facing the nation and its economy.
Although, Mr Okunoren assured that the indices available revealed that the nation’s economy was gradually coming out of recession stressing that the current nigeria’s state of economy which had been described as the most severe downturn in the last 25 years has past the worst.
“The significant improvement in foreign exchange liquidity is an indication of serious commitment to national economic growth. Our take therefore is that the Country must see the recent experience as a learning curve in our national economic management” he said.