Insurance brokers harp on policy for disaster management

….Applaud Oyo government over response to fire victims

The Nigerian Council of Registered Insurance Brokers (NCRIB) has underscored the pivotal role of insurance in disaster management in the country. However, it bemoaned the fire disaster that ravaged Akesan Market (Oja Akesan), in Oyo town, where properties worth millions of naira were destroyed.

But the council expressed gratitude to the state’s Governor, Seyi Makinde, for his promise to bring succor to the victims of the incident, as well as provide firefighting equipment to forestall a repeat of such ugly incidents

NCRIB President, Dr. Bola Onigbogi, who spoke to The Guardian, over the weekend, decried the spate of incessant fire disasters in the country, noting that such occurrences were preventable by government than those often concerned.

According to her, risks are part of the inevitable circumstances of life, which effect could be better managed by engaging insurance as it is practiced in advance countries of the world. However, she noted that to maximise the value of insurance, the best option for existing and potential clients was to engage the services of insurance brokers.

According to her, the brokers are in the position to advise clients on best possible type and rate of insurance, as well as assist them to make their claims when a loss occurs. She called on the government to always embrace insurance for effective prudential management and to assist the citizens by shifting the burden of compensation to insurers when loses occur to them, against the government’s attitude of giving succor to the victims, which in most cases, may be inadequate.