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Insurance can hit N1trn premium income by 2020 — Law Union & Rock MD

THE insurance sector can rake in N1 trillion premium income by 2020 if there is collaboration among operators in the industry, Managing Director/ Chief Executive Officer of Law Union & Rock Plc, Mr. Jide Orimolade, has said. Orimolade, who made the assertion at a media forum in Lagos, stated that operators should collaborate and curb rate cutting, noting that continuous abuses in rate cutting will not augur well for the industry.

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Insurance sector weak on regulatory enforcement – Mutual Benefits CEO

The local content law was not made today. The problem with our sector has not been lack of regulation; it is lack of enforcement of those regulations. Issuing a directive is reiterating and putting on the front burner those regulations that already exist. Some measure of enforcement coupled with sanctions when there are breaches will help bring back operators onto the line. 

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