There is still over hanging call for government to provide appropriate environment that encourages insurance business to thrive and come up higher in the ranking of individuals and businesses.
This reloaded charge was handed out by the executive director, Mutual Benefits Assurance Plc, Ms Kadaria Ahmed at the one seminar for members of National Association of Insurance and Pension Correspondents in Lagos yesterday, saying this demand will always be in the frontline because its need by operators and investors.
Ahmed also places a demand on insurance professionals to offer ‘reliable policies’, these policies she intoned, should be formulated around risk management, she follows this up firm declaration, “this will build trust among citizens and even attract investors.”
Not giving up on what insurers should do, Mutual executive director insists, “insurance activities in the country should be encouraged through continuous sensitisation of the public on the benefits of having insurance.”
She said government making insurance operations stay above rough policies creates a window for insurance success and, the success of an economy is tied to the availability and accessibility of insurance and its products.
Besides, She said insurance is a guarantor of business, without which most businesses “will not be able to operate, and construction projects (which should have layers of insurance cover) which foster infrastructural development will not go forward.”
Still relating government good disposition to insurance success, Ahmed said when insurance is entangled with government policies, creativity and innovation will be hindered as people/businesses will not be willing to take risk explore other areas of expansion and break from old ways of doing things.
For the media, she said beyond reporting products and industry events, it should help people understand its significance not just to individuals but to society and national development.