#PFISeries3: Experts Harp on Effective Communication, Leveraging of Data to Deepen Insurance in Nigeria
Effective Communication and Leveraging of Data are two key steps that can help to deepen the penetration of insurance in Nigeria, which can translate to an improvement in its contribution to the economy.
Mr. Ekerete Ola Gam-Ikon an Insurance expert/Management Consultant and Mr. Teslim Shitta-Bey Chief Economist/Managing Editor agreed on this point as guests on the "Economy and Politics" show which discussed the "Personal Finance Series 3: Investing In Peace of Mind: Focus on Insurance" published by Proshare.
They both called for conscious policy steps that integrates insurance into Nigeria's economic agenda, while they stressed the need for micro-insurance to be emphasized and deployed by operators with regulatory support to reach out to households and micro-businesses.
It was also an opportunity to advocate for insurance operators to give top priority to claim settlements to policy holders that will build trust in the system.