President Muhammadu Buhari has urged insurance companies to improve their efficiency and honour claims in good time to policyholders.
The president spoke yesterday during his conferment as the grand patron of the Chartered Insurance Institute of Nigeria (CIIN) by the chairman and members of the institute’s Governing Council held at the State House, Abuja.
In a statement by his media aide, Femi Adesina, the president, who commended the leadership of the institute under Sir Muftau Oyegunle for sanitising the industry and giving it more visibility in national development, counselled them to do more.
He said, ‘‘As you continue in your work of contributing to national development, I want to urge you to further increase the number of Nigerians and businesses that would benefit from and be benefitted by the insurance industry.
“As you are well aware, you need to dispel misconceptions about the insurance industry at present held by a good number of Nigerians, especially as it relates to claims and need for insurance,” he said.