Council plans training in compulsory insurance laws

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Council plans training in compulsory insurance laws

The Insurance Industry Consultative Council has said as part of its mandate to promote Insurance awareness in Nigeria, it will organise a training on compulsory insurances in Edo State.

In a statement issued by the Manager, Communications and Corporate Affairs, CIIN, Helen Ajeamo, the training which is one of the initiatives of the IICC is aimed at actively encouraging insurance education and penetration.

The statement said it would ensure that participants received training and sensitisation on the categories of compulsory insurances and the enforcement laws governing them.

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It stated that the programme would deeply inform participants on the principles of insurance, liability/compulsory insurance, assessment and rating of compulsory insurance and insurance claims administration.

The Chairman of the Insurance Industry Consultative Council, Mr Edwin Igbiti, said, “The council is focused on promoting the growth of the insurance industry and this is one of the platforms the IICC is leveraging on to achieve this goal.

“This training further serves to reiterate the commitment of the IICC to achieving its objectives of insurance awareness and adoption in Nigeria. With insurance, you have the ultimate keys to live and work with freedom. A lot of insurance products and offerings are not being patronised and enforced because of inadequate understanding of insurance laws. We are passing across invaluable knowledge to the participants at the seminar that will aid the dissemination of their duties.”

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He said that training on compulsory insurance had become a fixture in the calendar of the Insurance Industry.

According to him, “Last year, it was held in Kano and this time, it is going to be held in Benin, Edo State. We will continue to rotate the regions where the trainings will hold in a bid to ensure that the message reaches every nook and cranny of the country.”

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The Insurance Industry Consultative Council was formed in 2013 to act as the unifying voice of the insurance industry in Nigeria, and to represent it on national issues while taking up and assuming roles that would serve the best interest of the insurance industry in Nigeria.

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