IBTC Broker Promotes Insurance Penetration

Ebere Nwoji

IBTC Insurance Broker said it is promoting insurance penetration in the country through mass education of members of the public especially the business community on the relevance of insurance.

The company which said despite the partial lock down on businesses which has made it difficult to reach the masses through physical contact, it has through online channels convinced over 150 businesses on the need to embrace insurance cover against cybercrime and other emerging risks.

The Chief Executive Officer of IBTC Insurance Broker, Mr Anselem Igbo, who stated this during a virtual insurance awareness media parley organised by the company to commemorate this year’s global insurance awareness day, said the efforts were IBTC Insurance Broker’s contributions to promote insurance awareness in Nigeria.

The world Insurance awareness day is celebrated annually on June 28. IBTC Insurance Broker, in the past four years stages media awareness campaign to celebrate the day.

Igbo, said this year’s edition has the theme, “Insurance, a necessary security for the future, protecting what is important to improve on insurance penetration”.

He noted that insurance plays a critical role in economic development of every economy adding that this critical role of insurance makes it possible for the sector to not only protect businesses but transfer excess funds where they are for use by businesses.

He said in buying insurance services, the only way members of the public would get the best insurance services is through the use of insurance brokers in purchasing insurance policies.