The Managing Director and Chief Executive of one of the foremost insurance companies in Nigeria, Law Union and Rock Insurance Plc, Mr. Ademayowa Adeduro, said insurance operators are more united now than before, describing it as one of the good things that has happened in the industry.
Ademayowa who said this yesterday in an interview with Blueprint in Lagos also commended the National Insurance Commission (NAICOM) for giving a listening ear to their plea for deadline extension by giving approval for the extension.
He said the players have come to realize that working as a team and cooperating with each other gives them a sense of unity of purpose.
According to him, there is a continued effort of members to cooperate and collaborate with each other more than ever before and there is more sanity in the system because people have come to embrace good corporate governance.
“We have come to realize that when we cooperate with ourselves, we are better off than when we do things individually. This is one of the good things that has happened in our industry
“I must confess the fact that because of this, more and more Nigerians are becoming aware of the importance of insurance. More and more people are taking up insurance even the new innovative products we have brought into the market. More and more are embracing insurance and insurance is becoming interesting.”
While commending the Federal government on early passage of 2020 budget for the first time in seven years, said insurance industry and indeed the economy will benefit from it.
