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INSURANCE & PENSIONS

40 % Of Nigerians Lack Insurance Knowledge – Soladoye

The Managing Director and Chief Executive Officer, Riskguard Africa, Nigeria Limited, a pension and insurance consulting firm, Mr. Yemi Soladoye, has said that 40 per cent of Nigerians lack any knowledge about the meaning of insurance. While speaking in Lagos on the major developments that had taken place in the insurance industry, he noted that the fact was discovered from a research work that was carried out under the development of micro insurance, which was made available to the National Insurance Commission. Soladoye said, “According to a report submitted to NAICOM, at the end of the feasibility study for sales of micro insurance, the report revealed that 40 per cent of Nigerians don’t have any opinion about what insurance is all about, whether positive or negative.”
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