Everybody needs insurance – NSIA MD

Mrs Nwachukwu

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Chuks Udo Okonta

Everybody needs insurance to have a secured future, the Managing Director, NSIA Insurance Limited, Mrs Ebelechukwu Nwachukwu, has said.

She stated this recently at a forum in Lagos, adding that insurance should be a compelling message to Nigerians, and that to the average or even the so called below average families, insurance is important, hence the need to really share that message.

Commenting on the insurance industry performance in 2018, she said the industry has grown adding that operators had robust conversations this year and that they have identified the need to diversify their products; identified the need to improve their speed to service and had identified the need for information and communication technology as the driver of that process.

“And if we can push all of these over and over in 2019, I have no doubt at all that penetration will increase and premium will rise also. Today, the industry is paying better salary and so people are better; the industry people study more than any other industry I have engaged with.

“In my entire career life, insurance people read more than any other profession, they are dedicated to writing examinations, attending seminars, conferences and workshops, they want to be heard and an insurance person wants to be heard intelligently,” she said.

She noted that the industry recorded significant growth this year, as revealed by the quality of products rolled out; the quality of channels of distribution rolled out and the quality of people that were engaged.

“Prior to joining insurance industry, I haven’t heard about it but when I tell people to buy life insurance, I also tell them my life story on how a strong mum raised four strong girls. I think insurance is a very compelling message to the Nigerian. To the average or even the so called below average families, insurance is important and we need to really share that message,” she posited.

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