Insurance broker urges FG to find solutions to avoidable road accidents

Daily Post

Mr. Ayodapo Shoderu, the President of Nigerian Council of Registered Insurance Council (NCRIB) has urged the federal government to find solutions to accidents on major roads in the country.

Shoderu said this at June 2015 edition of Insurance Brokers Members’ Evening held in Lagos, which was hosted by Old Mutual Nigeria.

According to Shoderu, the nation was again plunged into deep mourning as eight students of Olabisi Onabanjo University were lost to avoidable accident.

UTME candidates of the institution at Ilishan Junction along Sagamu/Benin Expressway

“It was terrible and shocking; death has again depleted some of our future leaders.

Shoderu also said incidents of accidents involving articulated vehicles was adversely affecting the nation’s economy as goods and properties worth billions of naira went down in inferno.

“The unfortunate part of these incidents was most of the affected properties and lives involved were not adequately insured.

“Although, insurance may not prevent death, the trauma of dependants after the loss of breadwinners, could be avoided if insurance has been given its rightful place,” he said.

He urged government to inculcate the culture of insurance in every citizen as a tool to manage risk.

“Government should also partner insurance industry to enforce all the compulsory insurances.

“Like I always say, everything worth having, worth insures” he said.

Mr. Wale Quadri, the Managing Director of Old Mutual Nigeria , a subsidiary of Old Mutual Mult- national, said the multi-National company recorded a profit of N500 billion for 2014 financial year.

He said the company was able to hit the huge profit because of its investment in customers’ relevancy and delight

He said Old Mutual Insurance, Nigeria, had continuously invested in customers’ delight with zero tolerance to fraudulent practices.

NAN reports that NCRIB wa established in 2003 and It is the umbrella body of all registered insurance brokers in Nigeria which is charged with elevating, safeguarding and advancing the interests of brokers.