IICC Takes Campaign On Enforcement Of Compulsory Insurances To Enugu

November 6, 2019

38 2 minutes read

From left: Chapter Chairman Chartered Insurance Institute of Nigeria, Enugu Chapter, Mr Emmanuel Onu, Executive Secretary Enugu State for Universal Health Coverage, Dr. Edith Okolo; Deputy President Chartered Insurance Institute of Nigeria, Sir Muftau Oyegunle, Permanent Secretary, Office of the Secretary to the Enugu State Government, Mrs. Josephine Onyia; Past President, Chartered Insurance Institute of Nigeria, Mr. Sunny Adeda and Director General, Chartered Insurance Institute of Nigeria, Mr. Richard Borokini at the Enlightenment Programme on compulsory Insurances held in Enugu on Tuesday.

Poised to ensure the enforcement of compulsory insurances, Insurance Industry Consultative Council (IICC) has taken the awareness campaign to various parts of the country.

Earlier this year the group was in Asaba, and again was in Enugu yesterday where they organised a training programme on compulsory insurances for insurers and other stakeholders.

Speaking at the event, the Chairman of the IICC, Eddie Efekoha, said compulsory insurances are those classes of insurance made compulsory by law, with the objective of providing protection to third parties and the general public.

Efekoha, who was represented by the Deputy President Chartered Insurance Institute of Nigeria, Sir Muftau Oyegunle, noted that in spite of the fact that these insurances are compulsory, however, as a result of lack of knowledge, many of these compulsory Insurances are neither taken up by concerned parties nor enforced by the relevant agencies or bodies set up for the purpose.

“It is against this backdrop that the IICC has decided to periodically bring all Insurance stakeholders together to sensitize them on their obligations towards the enforcement of the various Compulsory Insurances in Nigeria.

“Earlier in the year we were in Asaba and today, we are here in the historic city of Enugu. This train will continue round cities in Nigeria and I promise that we will not relent in our crusade to propagate the gospel of Insurance,” he said.

He lauded the Enugu State Government and various parastatals for their support in putting together the programme and also thanked member bodies of the IICC: The National Insurance Commission (NAICOM), CIIN; Nigerian Insurers Association (NIA), Nigerian Council of Registered Insurance Brokers (NCRIB) and the Institute of Loss Adjusters of Nigeria (ILAN) for their contributions to the growth of the IICC and their commitment to the growth of the Insurance Industry in Nigeria.

From left: Past President, Chartered Insurance Institute of Nigeria, Sunny Adeda, Director-General, CIIN, Richard Borokini; Deputy President Chartered Insurance Institute of Nigeria, Sir Muftau Oyegunle and left: Executive Secretary, Nigerian Council of Registered Insurance Brokers, Fatai Adegbenro at the event.

The Permanent Secretary, Office of the Secretary to the Enugu State Government, Mrs. Josephine Onyia, lauded the IICC on the initiative and called for more enlightenment programs of a similar nature to be held at various levels within the state and targeted at stakeholders.

She pointed out that the enlightenment program had greatly helped to greatly change the notion most of the participants had about insurance, insurance companies and the attitude to compulsory insurances.

The Director-General, CIIN, Richard Borokini, extended the heartfelt gratitude of the Council to the attendees and assured them that the IICC would not rest on its oars to ensure that the gospel of Insurance is spread to all nooks and crannies of the country.