The clear picture of what the Chairman of the maiden Insurance Week Eddie Efekoha recast as the unambiguous “abysmally low” insurance penetration in the nation has served as the leading mast driving vision and mission of the President of Chartered Insurance Institute of Nigeria CIIN, Mrs. Yetunde Ilori, who set out to capture and embrace as many segments of potential insurance buyers as possible and bring them into the safety net of insurance, guarantee wealth creation and sustenance that secures Nigeria’s future.
According to him this first time event (June 27 – July 4) and which becomes an annual event going forward, will unlock the sector’ potential as the event will be taking place in selected regions across the country and when they retire after week long programmes they are confident there would be a level of upsurge in intake of policies for individuals and diverse businesses.
The vision revolver Yetunde Ilori, said the industry has stayed too long with what was available and the time was ripe to advance the industry where it would not only be seen as a provider of cover for all dimensions of risks for individuals and businesses but having the capacity to deliver on all promises made at inception of policy.
Ilori proffered that educating the public and businesses drives penetration, the impact on individuals, businesses and the nation births development. The magnitude of this assignment she cleared, would require the collaboration with all stakeholders in the insurance industry.
The CIIN President said the annual mission which she noted would be upgraded continuously would create a lasting change and build trust targeting the informal, formal sectors and government risks at all levels.
Ilori said the week long event starting from June 27 – July 4 aside from holding simultaneously in the approved places across the nation shall witness a deluge of awards, diverse recognitions and programmes to lift insurance to a level the new vision is focused as its mission accomplished: securing the Nigeria’s future.
