• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, August 27, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Agents Dump Insurance Marketing, Diversify Into Real Estates, Others

by Zaka Khaliq
2 years ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

Insurance agents are currently leaving insurance marketing jobs in droves to secure better opportunities in lucrative sectors, such as, real estate, banking, ICT, agriculture, commerce and industry, among others, LEADERSHIP learnt.

Advertisement

Their decision is connected to the meagre emolument packages they are getting from their respective insurance companies as most of them were not trained by their companies, even as the salary packages are unattractive while there is equally no pension plans for most of them.

Coupled with the difficulties in marketing insurance  products and services in the grassroots because of the religious nature of Nigerians who believe God will not allow bad things to happen to them, they are less motivated in the insurance industry, hence, seeking greener pastures elsewhere where they feel comfortable.

Post Covid-19, there are insinuations that about 30 to 40 per cent of insurance agents have since abandoned the sector for other lucrative sectors to make ends meet.

Confirming this development at the 2023 Association of Registered Insurance Agents of Nigeria (ARIAN)  managers’ conference, with the theme: ‘Navigating Regulatory Frameworks and Compliance Requirements to Ensure Sustainable Growth’ in Lagos,

RELATED

The Evolution Of Betting In Nigeria: A Journey Of Growth

How To Bet Smarter In 2025

13 hours ago
Malabu Oil: Abacha Family Wants Minister To Withdraw Claims On Court Cases

Global Oil & Gas Contracts Up By $7bn In Q2

18 hours ago
ADVERTISEMENT

The national  president, ARIAN, Kazeem Odewunmi wasn’t happy with the migration of agents to other markets, especially real estate.

Calling for motivation from insurance companies to entice agents and stop the remaining ones from leaving the industry, he called for introduction of robust retirement plans for agents, stressing that, it is disheartening to observe agents work in an insurance company for a decade without a retirement benefit plan.

Disclosing that the insurance agency network has now become a market where people from other sectors recruit marketers,he stressed that many trained agents have been lost to sectors such as real estate, banking, pension, while others travelled out of the country.

ADVERTISEMENT

He called on the National Insurance Commission (NAICOM) to look into the plights of agents, to enable the sub-sector to sustain its contributions to the insurance industry.

Odewunmi also appealed to management of insurance companies to esteem agents, as they contribute greatly to their fortune.

Noting that about  100,000 insurance agents were in the country, he called for more agents to effectively service the over 200 million population the country has.

Director-general, Nigerian Insurers Association (NIA), Mrs. Yetunde Ilori, in a paper entitled: ‘Navigating Regulatory Frameworks and Compliance Requirements Through Administrative Perspective,’ presented at the event, noted that, stakeholders in the insurance value change should ensure full compliance with the rating guide as agreed upon by all practitioners to ensure all line of insurance business are underwritten profitably.

 

Ilori, who was represented by the director of Operations, NIA, Lanre Ojuola, charged agents to give priority to training and retraining, stressing that, fresh agents should be encouraged with incentive, while the older ones should be recognised for their contribution.

 

A member of panel of discussant and staffer of Custodian Life Assurance Limited Mrs. Funmi Saka, urged agent managers to ensure quality training is given to fresh agents and that the managers should exhibit the act of leadership by doing what they instruct their subjects to do.v


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


SendShare10172Tweet6358Share
ADVERTISEMENT
Previous Post

Tanker Drivers Urge Members To Maintain Peace

Next Post

Kenya To Host 2024 Africa Women Summit

Zaka Khaliq

Zaka Khaliq

You May Like

The Evolution Of Betting In Nigeria: A Journey Of Growth
Business

How To Bet Smarter In 2025

2025/08/26
Malabu Oil: Abacha Family Wants Minister To Withdraw Claims On Court Cases
Business

Global Oil & Gas Contracts Up By $7bn In Q2

2025/08/26
Fadaella Foods To Capture Nigerian Market With New Products
Business

Fadaella Foods To Capture Nigerian Market With New Products

2025/08/26
Africa Prudential Records 75% PBT Growth, N41.35bn Assets In H1
Business

Africa Prudential Records 75% PBT Growth, N41.35bn Assets In H1

2025/08/26
FG, Imo, NDPHC Seek Speedy Completion Of Egbema Power Plant
Business

Kano Manufacturers Engage NDPHC On Direct Power Supply

2025/08/26
Insurance Firms Begin Self-prescribed Recapitalisation As Minimum Capital Controversy Rages
Business

New Law Offers N2m Medical Compensation For Uninsured Accident Victims

2025/08/26
Leadership Conference advertisement

LATEST

Kwara: Kidnap Victims Escape As Security Forces Raid Criminals’ Hideouts

JUST-IN: Osun Gov’t May Sack Monarch Jailed In US For $4.2m COVID-19 Fraud

Tinubu Celebrates Senator Ekpenyong At 40

Fresh FM Inferno: Ayefele Responds To ‘No Insurance’ Claims

Court Orders Banks To Produce Activist Sowore’s Account Transactions

Reps To Probe UNIBEN Teaching Hospital’s Budgetary Expenditures

C’Wealth Weightlifting: Omolola Wins Team Nigeria’s First Gold In India

JUST-IN: NRC Suspends Abuja-Kaduna Train Services After Derailment

Fire Razes 5 House In Cross River Community

Bode George Hails PDP Zoning, Says Party Ended ‘Existential Imbecility’

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.