The Insurance Industry Consultative Council, has practically said it cannot sustain the traverse of the insurance landscape without the media joining in as special stakeholder in the penetration convoy.
Sir Muftau Oyegunle, who serves as the IICC chairman and also president/chairman Chartered Insurance Institute of Nigeria, said his rallying of the media, spins from the theme of IICC 2020 Media Retreat, “Changing the face of the Media, The New Expectations.” The event was held at Ijebu Ode, Ogun State, today.
Enthused Oyegunle said: “We want to work together to move the industry forward. If we are able to increase penetration rate, its for our mutual interest …don’t just see yourself as onlookers, see yourself as a critical stakeholder in the industry. When we come here lets tell ourselves the truth to move the industry forward.”
The president, Nigerian Council of Registered Insurance Brokers, Dr (Mrs) Bola Onigbogi, was represented by the vice president Mr. Tunde Oguntade, said the media should manage the expectations of the interest groups in the market jointly for a single industry goal.
She said segmenting the success of the industry will not serve overall industry purpose. “Don’t report Nigerian Insurers Association’s success as (NIA) success, don’t report NCRIB’s success as NCRIB success. It’s an industry success. Aspire to unite the industry.”
In his remark, the head, human resources/administration and corporate communication, Mr. Davies Iyesere, who represented the director general, Nigerian Insurers Association (NIA), Mrs. Yetunde Ilori, urged the media to always keep within the limit of objectivity, fairness and balance.
He said there is no disagreement between the NIA and the regulator NAICOM, on the need for the on going recapitalisation; which the regulator regards as the last legal option to keep the industry in the position to serve all the players in the economy. He stated that the operators will continue to engage and consult the regulator for the general interest of its members.