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Insurance is the safest form of risk transfer mechanism -Ilori

We have different kind of losses and they could be financial, psychological, emotional or sentimental. On the other hand, people have different ways of handling their risk either through risk avoidance, risk reduction, risk retention, risk sharing and risk transfer. There is one way of risk handling that is cultural but fast disappearing especially when it comes to supporting ourselves, which is our large family culture.

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Insurance sector must embrace digitization to stay afloat – Babington-Ashaye

THE out-going President, Chartered Insurance Institute of Nigeria, CIIN, Mrs. Funmi Babington-Ashaye, has said that the insurance industry must embrace digitization to remain afloat and relevant in the economy. Babington-Ashaye, who stated this at her valedictory lecture in Lagos, said that the insurance industry as a whole and brokers in particular need to adapt to new styles of interacting with customers.

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