Governor Oshiomhole charges insurers on discipline, confidence building

From left: Deputy Director Authorisation and Policy National Insurance Commission (NAICOM), Akah Leo; Commissioner for Finance Edo State, John Enegbedion; President Chartered Insurance Institute of Nigeria (CIIN) Bola Temowo and Deputy Lady Isioma Chukwuma at the event.

·        CIIN donates books to schools in Edo State

Chuks Udo Okonta

Edo State Governor Adams Oshiomhole, today called on insurance operators to instill discipline among themselves, and raise public confidence to better their performance.

The Governor who was represented by the Commissioner for Finance, John Enegbedion, said this at the Annual Education Seminar in Benin City Edo State.

He urged insurers to tackle challenges that have been hindering growth and development of the industry by living up to their responsibilities, especially in prompt claims settlement. He added that there are a lot of benefits to be derive when the operators build public confidence.

The Governor said insurance practice should be properly done as it remains the best way to mitigate risks which is common to everybody.

He urged insurers to tackle the issue of quacks and fake insurance which have made caused much public distrust on their operations.      

He said the state government will continue to partner insurers in mitigating the risks that ought to be suffered by the people.

The Commissioner for Insurance Fola Daniel, represented by Deputy Director Authorisation and Policy National Insurance Commission (NAICOM), Akah Leo, urged insurers to evolve better channels for insurance distribution, adding that the Commission will continue to find new ways of moving the industry forward.

He told the operators to educate the public on the benefits of the products they sell and develop products that appeal to everyday needs of the people.

Daniel said the commission has continued to partner relevant agencies to promote insurance, stressing that the NAICOM will continue to support necessary measures that will enhance the industry’s performance.

Managing Director Riskguard-Africa Nigeria Limited Yemi Soladoye, who presented the Theme Paper: Maximizing Channels of Distribution for Insurance Penetration, urged the operators to evolve new channel contrary to the channels presently used to distribute insurance products.

He told them to eliminate unnecessary overheads by collaborating with other sectors to maximise the enormous insurance benefits in the country.

From right: President Chartered Insurance Institute of Nigeria (CIIN) Bola Temowo presenting insurance books to the Commissioner for Finance Edo State at the event.

President CIIN Bola Temowo said the institute will continue to chart ways of bring insurance close to the people, stressing that no effort can be too much in the collective quest for increased Insurance consciousness.

He urged operators to rethink their activities, adding that the seminar is a call for all hands to be on deck in the actualisation of the awareness campaign.     

He also used the occasion to donate 600 copies of Insurance Textbooks written by the Institute to schools in the state.