By Favour Nnabugwu

The Insurance Industry Consultative Council (IICC) will hold a training on Compulsory Insurances on Thursday in Benin, Edo State

The training which is one of the initiatives of the IICC aimed at actively encouraging Insurance education and penetration, will see participants receive training and sensitization on the categories of compulsory insurances and the enforcement laws governing them.

In a statement made available by Helen Chiamaka Ajeamo, Manager, Communications and Corporate Affairs, the programme will deeply inform participants on the principles of insurance, liability/compulsory insurance, assessment and rating of compulsory insurance and insurance claims administration.

The Chairman of the Insurance Industry Consultative Council, Mr. Edwin Igbiti, In the statement said that the Council is focused on promoting the growth of the Insurance Industry and this is one of the platforms the IICC is leveraging on to achieve this goal.

Igbiti who also the President of the Chartered Insurance Institute of Nigeria, CIIN, said, This training further serves to reiterate the commitment of the IICC to achieving its objectives of Insurance awareness and adoption in Nigeria. With Insurance, you have the ultimate keys to live and work with freedom. A lot of Insurance products and offerings are not being patronised and enforced because of inadequate understanding of insurance Laws, we are passing across invaluable knowledge to the participants at the seminar that will aid the dissemination of their duties.

“The training on compulsory insurance has become a fixture in the Calendar of the Insurance Industry. Last year, it was held in Kano and this time, it is going to be held in Benin, Edo State. We will continue to rotate the regions where the trainings will hold in a bid to ensure that the message reaches every nook and cranny of the country,” he added.

Government parastatals in Edo State and the  Private sector are invited for the programme, according to the statement.

The Insurance Industry Consultative Council was formed in 2013 to act as the unifying voice of the Insurance Industry in Nigeria and to represent it on national issues while taking up and assuming roles that would serve the best interest of the Insurance Industry in Nigeria.

The Council is made up member bodies which include; The National Insurance Commission (NAICOM), Chartered Insurance Institute of Nigeria (CIIN), Nigerian Insurers Association (NIA), Nigerian Council of Registered Insurance Brokers (NCRIB) and the Institute of Loss Adjusters of Nigeria (ILAN).