The National Insurance Commission shall be coming back to Kano by next month to hold the sensitisation workshop for your government functionaries and the public to educate them on the benefits inherent in the consumption of insurance products.
The Commissioner For Insurance (CFI) Mr. Olorundare Sunday Thomas in his address delivered during courtesy visit to the Executive Governor Of Kano State Alhaji Abdullahi Umar Ganduje on implementation of compulsory insurances and increasing insurance panetration in the state on Monday this week
Thomas said the National Insurance Commission is planning to organise a One-day sensitisation workshop for permanent secretaries and directors of all MDAs in the state in other to sensitise them on the need and benefit to adequately protect and insure strategic government assets and human resources. According to him some of our experiences like the unfortunate incidents in the aftermath of the #EndSARS protest are indeed eye opener for many and it is clear that insurance protection has become a necessity in our private and public business activities in order to have peace of mind.
“Adequate insurance cover for public properties would have saved the government unnecessary expenses in replacing or repairing some of the damages. The Commission shall continue to work hand in hand with relevant Kano State Agencies in pushing for more insurance uptake by Nigerians in order to minimize economic losses and use of public funds meant for development to compensate victims.
As I said earlier, he noted that, I want to use this opportunity to seek for the Kano State Government assistance in the implementation of compulsory insurances. The Commission is incepting talks with stakeholders to ensure that enforcement commence in earnest of all classes of compulsory insurances across the country, he stressed.
The Commission is seeking your support in implementing initiatives of the Commission that will allow insurance to be a household need in Kano State. We are requesting your support in the following areas among others:
i Constitute a committee that will work with the Commission
ii Consider mirroring the legislation that makes it mandatory for citizens to have compulsory insurances.
iii. Provide the Commission with a befitting office accommodation that will serve as the insurance policy hub for the Northern Region of the country.
Also, the Commission is committed to continually ensure and guaranty adequate protection of policyholders. This effort has been taken in many fronts such as ensuring that genuine claims are promptly paid by insurers, ensuring financial soundness and viability of the insurers to protect investments, right prizing of insurance products, value for money, use of technology for ease of transaction etc, he concluded.