The Insurance coverage Business Consultative Council (IICC) has known as on Nigerians to maximise the large insurance coverage advantages supplied by underwriting firms to build up earnings and enhance their life.
The Chairman of IICC, Edwin Igbiti, who spoke on the 2022 version of coaching on obligatory insurance coverage, held in Benin Metropolis, Edo State, stated that insurance coverage affords earnings, life and property safety to the insured and their wants in addition to earnings accumulation that could possibly be used at retirement to assist protect the specified way of life of people.
He stated insurance coverage is a worldwide entity whose values and advantages are quite a few. Igbiti careworn that insurance coverage stimulates enterprise actions by managing dangers related to enterprise operations.
In response to him, the insurance coverage sector safeguards the property of its policyholders by transferring dangers from a person or enterprise to an insurance coverage firm.
He stated a serious threat that’s bedeviling the nation is the flooding problem, including that the menace has induced main havoc, together with lack of lives.