Sunday, November 22, 2020

How to make insurance more relevant, by experts

By Bankole Orimisan 

 Identifying the need to diversify insurance products to meet the needs of every Nigerian will help to deepen insurance penetration across the country, industry experts have said.

Besides, helping people to understand the relevance of insurance to reduce risk should be a compelling message to Nigerians.


The Managing Director, Universal Insurance Plc, Ben Ujoatuonu, in an interview with The Guardian at the weekend, said that there is a need to see information and communication technology (ICT) as the driver of the growth process.

According to him, despite the slow adoption, there is no doubt that penetration and premium payment will rise. He noted that the industry is doing well symbolised in attractive salary payment.

He said professionals are extremely intelligent as they “read more than any other professionals” while they are dedicated to writing proficiency “examinations, attending seminars, conferences, and workshops”.

“They want to be heard, and an insurance person wants to be heard intelligently,” he added.

 

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