The National Insurance Commission (NAICOM) has said that there is need for Nigerians to embrace insurance as a form of risk management mechanism, especially in the election periods. And all these bring about uncertainty in the political and economic life of a nation. “The question of whether to spend or not to spend lurks in the minds of business owners and even individuals. Still commenting on the development, the Managing Director, Glanvills Enthoven Insurance Brokers, Supo Falana, called for innovative ways to include a greater number of Nigerians into the sector, noting that this could be done through creation of tailor-made products. The Managing Director, Crusader Sterling Pensions, Niyi Falade, agrred that insurance should be primed more towards the election year, because the period is heavily characterised by losses in the investment portfolio.

Source: The Guardian February 25, 2019 04:18 UTC