Author Topic: Ogun To Enforce Compulsory Insurance Policy  (Read 120 times)

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Ogun To Enforce Compulsory Insurance Policy
« on: September 05, 2016, 09:53:55 AM »
The Deputy Governor, Ogun State, Chief Yetunde Onanuga, has said that the state will enforce the compulsory insurance scheme in the state.

She said this during the annual insurance professional forum of the Chartered Insurance Institute of Nigeria with the theme, ?The insurance industry, national economic shifts and new business realities,? held in Abeokuta, Ogun State capital.

?Ogun State is going to partner the CIIN in promoting insurance culture and enforcing compliance with compulsory insurance policies,? she said.


 
The deputy governor stressed the relevance of insurance to the society and commended the CIIN for keying into the cardinal programmes of the state government, especially with the provision of affordable and qualitative education through the donation of textbooks to secondary schools in the state.

While speaking on the need to stick to the ethics of the profession, the Commissioner for Insurance, Alhaji Mohammed kari, condemned shareholders who failed to get involved in the selection of their directors or showed little concern about professional competence.

He said this was compounded by the board of directors whose basis of selecting the company?s executive was their blood or village relations or loyalty the executive would confer on the chairman.

Kari was however pleased that the industry was making concerted efforts on their own to address these deficiencies.

The President, CIIN, Isioma Chukwuma, said it was gratifying to note that the theme of the conference covered a wide range of interesting items relating to the national economy, the insurance industry and the wellbeing of practitioners.

?It is common knowledge that the simultaneous development of the various sectors of the economy will energise economic activities, promote investment and impact on the demand for other ancillary support services such as insurance,? she said.

The CIIN boss said insurance professionals must therefore key into the vision of the government?s economic diversification activities and position the industry appropriately.

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Ogun To Enforce Compulsory Insurance Policy
« on: September 05, 2016, 09:53:55 AM »

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