Insurance

IICC sustains push on enforcement of compulsory insurances

From left: Chapter Chairman Chartered Insurance Institute of Nigeria, Enugu Chapter, Mr Emmanuel Onu, Executive Secretary Enugu State for Universal Health Coverage, Dr. Edith Okolo; Deputy President Chartered Insurance Institute of Nigeria, Sir Muftau Oyegunle, Permanent Secretary, Office of the Secretary to the Enugu State Government, Mrs. Josephine Onyia; Past President, Chartered Insurance Institute of Nigeria, Mr. Sunny Adeda and Director General, Chartered Insurance Institute of Nigeria, Mr. Richard Borokini at the Enlightenment Programme on compulsory Insurances held in Enugu on Tuesday.

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Chuks Udo Okonta

Insurance Industry Consultative Council (IICC) has continued to drum the need for enforcement of the various compulsory insurances in Nigeria.

To this end, the body today organised a training programme on compulsory insurances for insurers and other stakeholders in Enugu, Enugu State.

The Chairman of the IICC, Eddie Efekoha, speaking at the event said compulsory insurances are those classes of insurance made compulsory by law, with the objective of providing protection to third parties and the general public.

From left: Past President, Chartered Insurance Institute of Nigeria, Sunny Adeda, Director-General, CIIN, Richard Borokini; Deputy President Chartered Insurance Institute of Nigeria, Sir Muftau Oyegunle and left: Executive Secretary, Nigerian Council of Registered Insurance Brokers, Fatai Adegbenro at the event.

Efekoha, who was represented by the Deputy President Chartered Insurance Institute of Nigeria, Sir Muftau Oyegunle, noted that in spite the fact that these insurances are compulsory, however, as a result of lack of knowledge, many of these compulsory Insurances are neither taken up by concerned parties nor enforced by the relevant agencies or bodies set up for the purpose.

“It is against this backdrop that the IICC has decided to periodically bring all Insurance stakeholders together to sensitize them on their obligations towards the enforcement of the various Compulsory Insurances in Nigeria.

Participants

“Earlier in the year we were in Asaba and today, we are here in the historic city of Enugu. This train will continue round cities in Nigeria and I promise that we will not relent in our crusade to propagate the gospel of Insurance,” he said.

He lauded the Enugu State Government and various parastatals for their support in putting together the programme and also thanked member bodies of the IICC: The National Insurance Commission (NAICOM), CIIN; Nigerian Insurers Association (NIA), Nigerian Council of Registered Insurance Brokers (NCRIB) and the Institute of Loss Adjusters of Nigeria (ILAN) for their contributions to the growth of the IICC and their commitment to the growth of the Insurance Industry in Nigeria.

Permanent Secretary, Office of the Secretary to the Enugu State Government, Mrs. Josephine Onyia, lauded the IICC on the initiative and called for more enlightenment programs of a similar nature to be held at various levels of within the state and targeted at stakeholders.

She pointed out that the enlightenment program had greatly helped to greatly change the notion most of the participants had about insurance, insurance companies and the attitude to compulsory insurances.

The Director-General, CIIN, Richard Borokini, extended the heartfelt gratitude of the Council to the attendees and assured them that the IICC would not rest on its oars to ensure that the gospel of Insurance is spread to all nooks and crannies of the country.

Participants

The event featured a large turnout of attendees from participants drawn from various government parastatals and private organisations in Enugu State.

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