Brokers to meet IGP, want officers enroll for life assurance
The Nigerian Council of Registered Insurance Brokers (NCRIB) on Thursday said it would meet the Inspector-General of Police, Usman Baba, and see how all police officers will be partners to insurance industry. The Council specifically said it found out that many officers are yet to get themselves insured against unforeseen circumstances that can be so […]
IGP Usman Alkali Baba
The Nigerian Council of Registered Insurance Brokers (NCRIB) on Thursday said it would meet the Inspector-General of Police, Usman Baba, and see how all police officers will be partners to insurance industry.
The Council specifically said it found out that many officers are yet to get themselves insured against unforeseen circumstances that can be so devastating.
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The President of NCRIB, Rotimi Edu, disclosed this at a press briefing in Abuja heralding its 60th National Insurance Conference and Exhibition said police officers need insurance in order to minimize future risks.
He said there is a need for every Nigerian to have insurance cover for their assets and life, stressing that it will save the federal government a lot because the government will not use infrastructure savings to support people who need humanitarian support.
According to him, the insurance industry has been repositioned to serve Nigerians better, saying policyholders should expect a new regime of seamless payment of genuine claims.
He identified core risk areas such as financial crimes and kidnapping policies, which he described as novel, urging banks to have such cover for their customers as the loss can be colossal.
“We have policies that can take care of that liabilities. So, we have covers to protect investors. Companies can also insure the lives of their staff or key personnel from being kidnapped,” he said.
On his part, the immediate past president of NCRIB, Feyisayo Soyewo said insurance companies are now strong enough to pay all claims. He added that there are treaties now signed with insurers of insurance.