IICC takes public awareness on compulsory insurance to South East

The Insurance Industry Consultative Council (IICC) has taken insurance awareness to the South Eastern part of the country, in its ongoing efforts to deepen knowledge and appreciation of the different compulsory insurances in Nigeria.

Compulsory Insurances are those classes of insurance made compulsory by law, with the objective of providing protection to third parties and the general public in the event of accident.

Among the insurances made compulsory under the law in Nigeria includes – Group Life Insurance, Builder’s Liability Insurance, Occupier’s Liability (public building) Insurance, Healthcare Professional Indemnity Insurance and motor third party.

Eddie Efekoha, chairman of IICC in his opening remark at the awareness seminar held in Enugu, said

as a result of lack of knowledge, many of these compulsory Insurances are neither taken up by concerned parties nor enforced by the relevant agencies or bodies set up for the purpose.

Efekoha represented by Muftau Oyegunle, deputy chairman of IICC said it’s against this backdrop that the IICC has decided to periodically bring all Insurance stakeholders together to sensitize them on their obligations towards the enforcement of the various Compulsory Insurances in Nigeria.

“Earlier in the year we were in Asaba and today, we are here in the historic city of Enugu. This train will continue round cities in Nigeria and I promise that we will not relent in our crusade to propagate the gospel of Insurance.”

Josephine Onyia, permanent secretary, Office of the Secretary to the Enugu State Government, lauded the IICC on the initiative and called for more enlightenment programs of a similar nature to be held at various levels of within the state and targeted at stakeholders.

She pointed out that the enlightenment program had greatly helped to greatly change the notion most of the participants had about insurance, insurance companies and the attitude to compulsory insurances.

Richard Borokini extended the heartfelt gratitude of the Council to the attendees and assured them that the IICC would not rest on its oars to ensure that the gospel of Insurance is spread to all nooks and crannies of the country.