Insurance industry in Nigeria has put up a performance that despite the still low marks on penetration its resilience makes it stand “as one of the most resilient and fast expanding sectors in the nation’s economy.”
This exception that has become the narrative of the insurance market was captured by the Chairman, Insurance Industry Consultative Council (IICC) Edwin Igbiti at the 2022 IICC Media Retreat held at Grand Inn and Suites, Ijebu-Ode.
Not resting on the scores earned by resilience, IICC Chairman said it would not be apt to rest the expansion the industry had witnessed alone, “we equally need the media to keep promoting these achievements for the good of the common goal of the industry.”
Igbiti reiterated that the IICC and the media are partners to promote the benefits of insurance to the public “so that we can attain the desired penetration rate in Nigeria.”
He said the market and the media share a common vision to ensure that the insurance industry attains its pride of place in the economic system.