• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, August 3, 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

IICC Symphatises With Flood Victims, Advocates Insurance For Businesses

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

The Insurance Industry Consultative Council (IICC) has sympathised with flood victims across the country, even as it charged entrepreneurs to insure their businesses against risks.

Advertisement

The chairman of IICC, Edwin Igbiti, who stated this, at the 2022 Training on Compulsory Insurance in Benin City, Edo State, at the weekend, said the major risk that is bedeviling the country among others presently is the flooding menace, saying, the current flood has caused major havocs and death.

Igbiti, who is also the president of the Chartered Insurance Institute of Nigeria(CIIN), said: “the IICC seize this opportunity to sympathise with all the victims across the country and believe that insurance companies will play their expected roles in ameliorating the effect of the losses and damages done promptly, as I know they are currently warming up to process huge claims from recent floods that ravaged some states.”

This development, he added, further emphasised the need to insure, such that, insurers can replace the lost and damaged assets in times like these.

“It avails us the opportunity to resonate the benefits of insurance to Nigerians. It is for times like these that we embrace insurance so as to have adequate compensation of losses incurred,” he said.

RELATED

VitalSwap Unlocks Global Revenue Channels For African Remote Workers

VitalSwap Unlocks Global Revenue Channels For African Remote Workers

6 hours ago
Presco Lauds 2024 Staff’s Performance, Explains 2025 Agenda

Presco Grows Pre-tax Profit By 121.8% To N111.9bn

13 hours ago

Stressing that insurance stimulates business activities to operate in a cost-effective manner, by managing risks associated with business operations, he added that, insurance sector safeguards the assets of its policyholders by transferring risks from an individual or business to an insurance company.

Insurance, he pointed out, offers income, life and property protection to the insured and their needs, as well as income accumulation that can be used at retirement to help preserve the desired lifestyle of anyone.

Insurance, according to him, is a global entity and its values and benefits are numerous to the existence of mankind, adding that, insurance stimulates business activities to operate in a cost-effective manner, by managing risks associated with business operations.

He said the training was organised to educate insurance practitioners and the public on the mandatory insurance policies and the benefits therein.

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




SendShareTweetShare
Previous Post

Naira Redesign: CBN Commits To Protecting Unbanked, Underserved

Next Post

NAICOM Approves Apampa As MD/CEO, NSIA Insurance

Zaka Khaliq

Zaka Khaliq

You May Like

VitalSwap Unlocks Global Revenue Channels For African Remote Workers
Business

VitalSwap Unlocks Global Revenue Channels For African Remote Workers

2025/08/03
Presco Lauds 2024 Staff’s Performance, Explains 2025 Agenda
Business

Presco Grows Pre-tax Profit By 121.8% To N111.9bn

2025/08/03
Nigerian Breweries Records N106bn Net Loss
Business

Nigerian Breweries Records N738.14bn Revenue

2025/08/03
‘95,000 Women, Children Die Annually From Charcoal Smoke’
Business

Charcoal Trade Threat To Forest Sustainability, Livelihood – FG

2025/08/03
Shippers’ Council Condemns Vandalism, Theft Of Rail Tracks
Business

Shippers’ Council Seeks Abia Govt. Support On Isiala Ngwa Inland Dry Port Revival

2025/08/03
Use Existing Frameworks To Bridge Metering Gap, NERC Tells Distribution Firms
Business

NERC Transfers Regulatory Oversight Of Electricity Market In Nasarawa State To NASERC

2025/08/03
Leadership Conference advertisement

LATEST

‘Obi’s 6m Votes Will Vanish If He Joins Atiku’, Says Tinubu’s Minister

‘You’ve Written Your Names In History,’ Tinubu Celebrates Victorious D’Tigress

‘A Golden Chapter For Nigeria’, Remi Tinubu Celebrates D’Tigress

Bandits Kill 11 Residents In Zamfara Villages

N712bn Lagos Airport Renovation Misplaced Priority — ADC

Federal Gov’t To Recoup N712bn Lagos Airport Renovation Spending In 3 Years Keyamo

JUST-IN: Nigeria’s D’Tigress Clinch 5th Consecutive FIBA Women’s AfroBasket Title

‘We Are Rebuilding Lagos Airport To Become West Africa’s Aviation Hub,’ Says Federal Gov’t

Ex-Katsina Central Senator Dumps APC For ADC

North Not Marginalised Under Tinubu, Kaduna Gov Insists

© 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.