The Governor Elect of Lagos State, Babajide Sanwo Olu has been told to pay premium attention to the use of insurance as a recipe for disaster management, as well as a risk management strategy.

Teslim Sanusi, managing director of Cosmic Insurance Brokers, made the call when he paid a congratulatory visit on the governor elect of Lagos State, Babjide Sanwoolu in Lagos, recently.

Sanusi who congratulated the Governor Elect, drew the attention of the State Government under the in-coming administration to the need to encourage the Insurance of Public and Government property in reducing or eliminating the menace of collapsed buildings in the state.

Lamenting the increasing spate of collapsed buildings with the attendant pains foisted on the people of the state, Sanusi advised the state government to continually undertake surveys and risk audits of public buildings in the state, through recommendations from professionals and ensure that insurance companies insist on such risk improvement reports before accepting such risks.

Sanusi, who was a former President of the Nigerian Council of Registered Insurance Brokers, also seized the opportunity of the visit to commiserate with the State Government over the loss of lives occasioned by the collapse of a public building in the state and appealed to the public to always embrace insurance in order to cushion losses to lives and property in the event of mishaps.

 

 

Modestus Anaesoronye

Modestus Anaesoronye is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pension sectors across Nigeria and West Africa. He has held key editorial positions at major national media outlets, including The Comet, The Nation, and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Ltd. A widely travelled reporter, he has covered industry developments in more than 14 countries across Africa and Asia. Anaesoronye is a multiple award-winning journalist, honoured several times as Insurance Journalist of the Year and Pension Journalist of the Year by recognised industry bodies, including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp), among others.

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