The Nigerian Insurance Industry is the most dynamic in Africa. There is no country that has representatives in other market as we have in Nigeria. The Nigerian Insurance Industry is presently represented in nine African countries.
The benefits derived in this synergy cannot be quantified between both parties. The people will be able to enjoy investment opportunities, easy health care accessibility as medical bills would be financed by Insurance companies, protection of your income, encourage disciplined saving culture thereby eliminating unnecessary spending which theoretically and practically brings about other investment opportunities, provides education for the people by easing the burden and worries of funding education of her children.
Trust and professionalism should always be their mantra during awareness, insurance companies should avoid every techniques or steps that seems fraudulent in their business activity.
(culled from Punch Newspaper, Monday, August 17, 2015).Insurance Awareness need to be increased , people should be given full awareness, Nigeria should have a stakeholders collaboration and cooperation, Government should come into this Industry with a good policy allowing all her citizens especially those in the grass-root to have access to a better insurance plan. This will go a long way in providing succor for the people.
The benefits derived in this synergy cannot be quantified between both parties. The people will be able to enjoy investment opportunities, easy health care accessibility as medical bills would be financed by Insurance companies, protection of your income, encourage disciplined saving culture thereby eliminating unnecessary spending which theoretically and practically brings about other investment opportunities, provides education for the people by easing the burden and worries of funding education of her children.
A country that want to develop must make insurance institutions strong because they are the balancer of a country economy. (by Ogbedeleto Chinedu).I believe the Insurance Regulatory Body which is NAICOM are doing a great job, with the implementation of the Market Development and Restructuring Initiative, insurance awareness has increased tremendously. But the body needs to work harder especially setting strong regulations and implementations, eliminating all doubts about insurance business, monitoring Insurance companies and sanctioning any faulty regulated body.
Trust and professionalism should always be their mantra during awareness, insurance companies should avoid every techniques or steps that seems fraudulent in their business activity.
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