NCRIB boss urges politicians to embrace insurance

From left: Past Presidents of the Nigerian Council of Registered Insurance Brokers (NCRIB) Chief Babajide Olatunde-Agbeja and Barrister 'Laide Osijo, NCRIB President, Ayodapo Shoderu, Group Managing Director, Industrial and General Insurance Plc (IGI), Rotimi Fashola, Managing Director, IGI, Sina Elusakin and Executive Director (Finance) IGI, Yinka Obalade at the February Edition of NCRIB Members' Evening held at Brokers House, Yaba Lagos.

Chuks Udo Okonta 

Politicians in the country have been enjoined to embrace insurance to mitigate risks associated with electioneering.

The President Nigerian Council of Registered Insurance Brokers (NCRIB) Ayodapo Shoderu, gave this advice today at this month Members Evening of the NCRIB. He noted that electioneering period is characterized by high level exposure to diverse human and material risks and this could be mitigated if the political class factor in insurance into their plans and expenditures.  

He said: "As we are all aware, Nigeria is at another crucial junction in its existence as a nation, in view of the forth coming general elections. All over the world, elections or politics are a great determinant of national economic and political advancement. 

"Whatever happens at the realm of polity affects all other facets of national economy, of which the insurance industry is a critical component. This is why we must do all within our means as practitioners to ensure we have a robust polity."

He urged brokers to exercise their franchise by going out enmass to vote for candidates of their choice, while appealing to politicians or the political actors to eschew any form of violence. 

"In any game, there must definitely be winners and losers and those that fall on either of these two sides of the divide must be gallant losers and magnanimous winners in order to preserve the system.

"I must also utilize this platform to counsel politicians to always embrace insurance, during or after electioneering periods.Recent cases of attacks within the political circles have undoubtedly left us without any other option than insurance in mitigating loss of lives and properties. 

"It is a known fact that electioneering period is characterized by high level exposure to diverse human and material risks and this could be mitigated if the political class factor in insurance into their plans and expenditures," he said.