The Nigerian Council of Registered Insurance Brokers, has recommended the inclusion of insurance in secondary schools curriculum to awaken insurance culture in citizens.
The Deputy President of the council, Dr Bola Onigbogi, made the recommendation at an interactive session with the House of Representatives Committee on Insurance and Actuarial matters on Wednesday in Abuja.
Onigbogi also stressed the need for the enforcement of laws that would ensure insurance of lives and property in the country.
She stressed that it was a known fact that the insurance industry played a very vital role in economic development.
The deputy president said that the contribution of the industry could be enhanced by government support through law enforcement.
According to her, some public transport operators carry about 14 passengers or more without any form of insurance.
She also noted that most shops in the markets, and which were prone to fire incidents, operated without insurance and often looked up to government when there was an inferno.
“Most buildings in the country are without insurance in spite of the rising cases of building collapse and its related hazards,’’ she said.
She attributed the low insurance patronage in the country to lack of sensitisation and law enforcement.
“Insurance should be included in secondary school curricular so that we can catch them young.
“The average age of chief executives in the insurance industry is not less than 45 years of age; this is because the young ones are not interested.
“We need to let them know that insurance in the past is not what it is now,” she said.
In his remarks, the Deputy Chairman of the Committee, Rep. Jaha Ahmadu (APC-Borno) blamed the low patronage on the attitude of some company towards payment of claims.
He said that there were cases where people forfeited their claims out of frustration as a result of the attitude of some insurance companies.
“If we want the public to patronise the industry and the laws be fully enforced, the insurance companies must learn to pay quickly.
“We should also have a situation where the companies pay claims even before subscribers finish filing their papers.
“I assure you that this committee has vibrant members that will ensure enforcement of the laws and we will also go the extra mile to ensure claims are paid,” he said.
He said that the committee was in the process of amending the Insurance Act and would consider the proposal.
Edited by Nyisom Fiyigon Dore
- Woman prays court to grant her custody of 2-yr son
- Court remands labourer for allegedly defiling neighbour’s daughter
- NYSC SAED will prepare you for the challenges of unemployment, Okpongete charges corps members
- 14 political parties to participate in Adamawa local council election
- NASA tracks swarm of asteroids zooming toward earth at breakneck speed
- Cleric urges Nigerians to pray for leaders irrespective of differences
- Kogi guber: Attack on SDP secretariat a threat to democracy – Ondo SDP
- EU lawyer: Jailed Catalan leader should have EU parliament immunity
- Asylum seekers cannot lose shelter, food as punishment – EU court
- Kaduna Govt., CS-SUNN train committee on effective nutrition coordination
- Bayelsa poll: Court disqualifies APC deputy governorship candidate over false information
- World Pneumonia Day: Nigeria contributes highest number of child pneumonia globally – UNICEF
- Britain’s opposition Labour Party reports sophisticated cyber attack
- Adegboyega varsity to establish agro-solar power project -VC
- Security: Gov. Matawalle urges repentant bandits to sustain peace
- Thai police arrest 4 suspects over murder of Karen activist
- Amaechi, Peterside mourn death of Prof Tam David-West
- Kano Assembly urges government to construct access road in Kiru LGA
- Most states not implementing Contributory Pension Scheme — PENCOM report
- Russian PM endorses production of ebola vaccine for DRC, others at Novosibirsk facility