The President, Nigerian Council of Registered Insurance Brokers, Mr. Ayodapo Shoderu, has urged governments at all levels to inculcate insurance in every citizen to lessen the effects of losses being recorded in the society.
He said this during the brokers’ evening, which was sponsored by Old Mutual Insurance Nigeria in Lagos.
“Once again, we are appealing to government to inculcate the culture of insurance in every citizen as a tool to manage risk and preserve our precious national wealth,” he said.
He recalled that a couple of months ago, the nation’s news media was awash with gory tales of tanker drivers’ accidents affecting the nation’s economy as goods and properties worth billions of naira went down in the ensuing inferno.
The unfortunate thing, he said, was that the lives and properties of those mostly affected were not adequately insured.
Although, insurance might not prevent death, the broker said the trauma of dependants after the loss of breadwinners could have been avoided if insurance had been given its rightful place.
The NCRIB boss said that government should also partner insurance industry to enforce all the nation’s compulsory insurance policies.
He also noted that the recently proposed code of corporate governance had been generating some ripples among operators in the insurance industry.