Efforts to diversify insurance products to meet the needs of every Nigerian will help to increase insurance penetration across the country, experts have said. xHe said: “Building a lasting legacy means having a string of innovations under your belt. Ujoatuonu posited that the firm has invested massively in the retail business, as it is poised to deepen that segment of the business. According to him, the firm had in recent times evolved and got approval from NAICOM for eight innovative products, which are currently doing well in the market. Also, the Managing Director/Chief Executive Officer, NSIA Insurance, Ebelechukwu Nwachukwu, in an interview with The Guardian on the challenges of insurance penetration and adoption said there is a need to see information and communication technology key to growing the sector.

Source: The Guardian March 15, 2021 02:15 UTC