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Stanbic IBTC Insurance and Yawning Industry Gap


Oluchi Chibuzor
Life is all about choices and these choices give rise to the average human decision-making that comes with taking risks.
Risks come in varying kinds – minor to fatal. While one can never truly eliminate risks from life’s equation, it is reassuring to at least have an insurance policy to mitigate against potential losses.
The insurance industry in developed countries is advanced and risk mitigation through insurance is a well-entrenched culture and way of life. Unfortunately, that is not yet the case in Nigeria as the insurance industry continues to struggle to convince vast majority of Nigerians of the need and benefits of taking up insurance policies. One common refrain amongst most Nigerians is “God is my insurance” or “Na God dey protect us”. This belief in the supernatural as a good risk mitigating factor is one of the reasons insurance penetration is still low in the country decades after its introduction. ....

Akinjide Orimolade , Oluchi Chibuzor , National Insurance Commission , Segment Report , Chief Executive , Nigeria Insurance Industry Database , தேசிய காப்பீடு தரகு , பிரிவு அறிக்கை , தலைமை நிர்வாகி , நைஜீரியா காப்பீடு தொழில் தரவுத்தளம் ,