• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Tuesday, May 20, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Insurance pivotal to economic growth – Director

Insurance

The Matters Press by The Matters Press
June 1, 2022
Reading Time: 2 mins read
0
CIIN president tasks Insurance directors on manpower development

A Non-Executive Director, Mutual Benefits Assurance Plc, Ms Kadaria Ahmed has said that the availability and accessibility to insurance and its products was pivotal to nations’ economic growth.

RELATED POSTS

Patience Jonathan’s endorsement of Tinubu’s re-election, significant, inspiring

Revival of mining sector causes increase in licensing fees in Nigeria

Nigeria’s fast-track of cash transfer to 15m vulnerable households laudable – TMSG

Ahmed stated this while delivering a keynote address at a one-day training organised by the underwriting firm for journalists covering the insurance and pension industry with the theme : Winning With Retail Products’ on Wednesday in Lagos.

She explained that insurance is instrumental to economic growth because it provides safety and security, serves as a financial responder and also mitigate risk.

Kadaria who doubles as the Chief Executive Officer, Radio Now said that in ensuring financial and economic stability, insurers serves as capital protectors, instrument of social policies, capital infusers and sustainers of the supply chain.

The director stated that insurance ensures economic development through infrastructure development, community building, credit facilitation and promotion of innovation.

She noted that the contribution of insurance to the country’s Gross Domestic Product (GDP) and promotion of entrepreneurial activities was highly impactful.

‘’Without the guarantee of insurance, most businesses will not be able to operate and construction projects which foster infrastructural development will not go forward.

‘’Creativity and innovation will be hindered as people/ businesses will not be willing to take risk, explore other areas of expansion and break from old ways of doing things,’’ she said.

According to her, reports on the industry should go beyond products and event but also making people really understand the significance of insurance.

Ahmed said : ” Insurance activities in the country should be encouraged through continuous sensitisation of the public on the benefits of insurance.

She charged Governments at all levels to provide an enabling environment that encourages insurance business to thrive.

Ahmed urged the government to formulate reliable policies around risk management, as this will help build trust of citizens on insurance and also attract investors to the industry.

In his welcome address, the Managing Director, Mutual Assurance Benefits, Mr Femi Asenuga identified retail insurance as a strategy for penetration into the market.

Asenuga stated that the insurance company has the largest retail marketing team with specialised products addressing the needs of various segments in the market.

“Our target is on the unserved and undeserved in the market and we have been able to provide products that meets and satisfy their needs over the years, ” he said.

According to him, the underwriting firm was providing the products and policies at a very accessible and affordable rate.

Tags: Insurance
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Court visits Patience Jonathan’s money palaver
Economy/Technology

Patience Jonathan’s endorsement of Tinubu’s re-election, significant, inspiring

May 20, 2025
Nigeria suspends mining in Zamfara
Economy/Technology

Revival of mining sector causes increase in licensing fees in Nigeria

May 19, 2025
Make cash accessible, remove obstacles —stakeholders plead
Economy/Technology

Nigeria’s fast-track of cash transfer to 15m vulnerable households laudable – TMSG

May 17, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

Group faults Peter Obi’s claim on deteriorating education sector

May 16, 2025
IMPI releases new policy statement in defence of the Nigerian economy
Economy/Technology

Nigeria First policy, unique, revolutionary – TMSG

May 15, 2025
Economy/Technology

Group seeks action against the menace of fake news, deliberate falsehood

May 14, 2025
Next Post
Nigeria, WFP worry over food situation

Agency promotes smart-hybrid farming to enhance food security

Africa-Europe Alliance presents progress report

Africa requires huge energy to drive development- Buhari

Recommended Stories

South Africa in load shedding to manage dip in power

Kyari advocates justice for Africa in Energy transition

October 23, 2021
TCN upgrades Egbin Transmission Substation

TCN moves against corruption, unveils handbook for staff

November 24, 2023
Nigeria declares two days public holiday

Nigeria declares two days public holiday

May 31, 2019

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Patience Jonathan’s endorsement of Tinubu’s re-election, significant, inspiring
  • Revival of mining sector causes increase in licensing fees in Nigeria
  • Nigeria’s fast-track of cash transfer to 15m vulnerable households laudable – TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us