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NAICOM urged to carry out quarterly compulsory insurance campaign

Some insurance practitioners on Monday in Lagos urged the National Insurance Commission (NAICOM) to carry out a quarterly compulsory insurance enlightenment campaign in the country.

They said that the road show, organised by NAICOM on October 13 in four locations in Lagos, was an eye opener for the public. Mr Kola Ayanfenwa, Senior Manager, Marketing, NICON Insurance Plc, said the awareness campaign, which was the first in the history of the industry, would boost the people’s confidence in the sector.

He said it would be good if the campaign held quarterly to sustain the tempo generated by the first outing. “The awareness campaign was the first of its kind in the history of the industry. I am hoping that efforts will be made to carry it out on quarterly basis to enable us to sustain the tempo we have already generated by this first outing,”” he said. Mrs Assumpta Udo, the Assistant Director, Industrial and General Insurance Plc (IGI), said that the industry had suffered from public apathy for long.

According to Udo, the enlightenment campaign is the tonic the industry needs to regain its lost glory. She said that insurance firms now paid genuine claims, adding that some claims could be processed and cheques issued within two weeks.

Mr Ayo Abayomi, a member of staff of Great Nigeria Insurance Plc (GNI), said that the campaign had helped efforts at marketing insurance products. He said that the presence of NAICOM was a moral booster for all the insurance companies represented at the road show. NAICOM had on Oct. 13 carried out a road show on compulsory insurance in Ikoyi, Apapa, Surulere and Ikeja.


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