Chief Client Officer of Mansard Insurance Plc, Mr. Tosin Runsewe has said that people are not buying insurance because many people are not aware of the benefits of insurance.

According to Runsewe, people need insurance so that they can provide a standard of living for their loved ones.

“For instance, we have a lot of customers who have borrowed money like N15million, N20million,who  died in the recent Dana plane crash.  If not because of the life insurance cover that they had with us, the bank would have seized their property or apprehend their family in trying to collect the money.

So we need to take this message out to people, enlightening the people.” He added that Nigerian insurance industries must be well capitalised, well regulated and certain to be sure that claims are paid as at when due. We need to continue to enforce regulation.

“In Mansard, If you buy your policy today, within 48 hours, your policy is in your hand, within 24hours you will get an email. All of these things we have designed implemented and executed. We are very certain that as our customers continue to enjoy us in the next one, two years, we expect to see even more growth.  “Our institutional customers who are close to us, know the strength of our people, the depth of our technical expertise, they have experienced it and tested it” he said.

We are underwriters to all the five major companies in Nigeria today. We have open more distribution channels. we are not being unmindful of the challenges, however, we have prepared very well, we are confident that this challenges will bring further growth to us,” Runsewe said.