NIA Seeks Lawmakers’ Support For Insurance Bill

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The Nigerian Insurers Association has urged the House Committee on Insurance and Actuarial Matters of the House of Representatives to support for the Consolidated Insurance Industry Bill.

The Chairman of NIA, Olusegun Omosehin, made the request when he led the leadership of the association on a visit to the Chairman of House Committee on Insurance and Actuarial Matters of the House of Representatives, honourable Ahmed Jaha, in Abuja.

Omosehin, who led the delegation to felicitate the honourable, used the avenue to appreciate him for his commitment to the growth and development of the insurance industry.

He congratulated him for his appointment as Chairman of House Committee on Insurance and Actuarial Matters and craved more support, especially in ensuring that the Consolidated Insurance Industry Bill, received the needed attention that would lead to its passage into an Act

The NIA chairman also sought robust collaboration and support on areas that affected the insurance industry, enforcement of compulsory insurance laws, and insurance of all government assets.

While commending the NIA executive for the visit, Jaha assured them of his support towards making insurance take its rightful place in the country.He promised to ensure all federal assets were consolidated for easy insurance coverage, and that he would work assiduously to see that adequate budgetary provisions were made for insurance of all government’s assets.

He also pledged commitments toward the passing of the Consolidated Insurance Industry Bill, stressing that the passage of the Bill into an Act would help facilitate the growth of the insurance industry.He implored the insurers to sustain their core practice which hinges on trust, adding that the economy needs insurance to thrive.

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