Efekoha
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Chuks Udo Okonta
The Chairman Nigerian Insurers Association (NIA) Eddie Efekoha, has called on insurance operators to respond quickly to the changing dynamics of the market space to avoid going into extinction due to the present global challenges.
Efekoha, who said this in Lagos, stressed that the economic space is shrinking and businesses are facing greater threats; and the insurance sector is not insulated from developments in the global economic space.
He noted that there is no better time than now to strengthen insurance operations, adding that there is a need for operators to come together to save the industry and set it for improved performance.
“We are fully aware that the there is a need for us to come together to save our industry now more than ever. The economic space is shrinking and businesses are facing greater threats; and the insurance sector is not insulated from developments in the global economic space.
“It therefore behooves on us to respond quickly to the changing dynamics of the market space so that we do not go extinct in the face of the global pressures on our businesses. Indeed there is no better time than now to strengthen the Association and reposition it for the task ahead,” he said.
