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| Daniel |
Chuks Udo Okonta
Some Nigerian Insurance companies are sending their
executives and marketers to Ghana to understudy the nation’s microinsurance
model, Inspen has learnt.
A member of staff of one of the firms told Inspen that his
organisation, as part of the plans to seek for microinsurance product licence
from the National Insurance Commission (NAICOM), has gone to Ghana to
understudy the activities and practice of some microinsurance operators.
He noted that the trip was an eyes opener, as the microinsurance
practice in Ghana has evolved and doing well, adding that firm when granted the
licence will entrench first class microinsurance operations.
The takeoff of microinsurance operations has been slow as
NAICOM has so far received 15 applications for microinsurance products by
existing insurance companies, of which only five had been approved.
Commissioner for Insurance Fola Daniel, said the firms
that have applied want authorisation for window operation which the commission
is considering.
“For those who have indicated interest for window
operation, we are saying to them that they cannot do micro-insurance business
sitting in the comfort of their offices in Lagos or Abuja. We want them to take
it to the rural areas; to the grassroots. Therefore we have asked them to give
us a roadmap to taking micro insurance to the grassroots. We have to be
convinced that our authorisation will take insurance to the unreached,” he said.
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