Stakeholders in the insurance industry are working to device ways to include the poor and low income earners into the insurance market.
As part of the strategy, the Insurance Industry Consultative Council (IICC) has dedicated its 2018 insurance industry national conference, with the theme ‘Insurance Industry and Financial Inclusion’ to proffering solutions on insurance inclusion.
Speaking at the conference yesterday in Abuja, the founder/chairman of Zenith Bank Plc, Mr Jim Ovia, said for Nigeria to penetrate the rural market with insurance products, micro insurance is the key.
In his address, the Commissioner of Insurance/CEO National Insurance Commission (NAICOM), Alhaji Mohammed Kari, said NAICOM is evolving strategies to deepen insurance access in Nigeria. He said soon, the commission will “launch the Nigerian Insurance Industry Development Plan (NIIDP) which has Financial Inclusion as one of its major components.”