The Insurance Industry Consultative Council (IICC) has called on the government at all levels to make health insurance compulsory for Nigerians.
The Chairman, IICC, Muftau Oyegunle, at the
2021 IICC Retreat in Ogun State, made the call against the backdrop of the
collapsed Ikoyi building.
The IICC is a body that unites all the arms
of the insurance industry in Nigeria. It is an organ through which the
insurance operators speak on crucial issues that affect the industry.
It comprises the Nigerian Insurers
Association (NIA), Nigerian Council of Registered Insurance Brokers (NCRIB),
Chartered Insurance Institute of Nigeria (CIIN) and Institute of Loss Adjusters
of Nigeria (ILAN).
Oyegunle said the Federal Government could
achieve this by subsidising the premium paid by Nigerians on health policy. He
noted that this had been done successfully in other countries.
Also speaking at the event is the Managing
Director/Chief Executive Officer, Afriglobal Insurance Brokers Limited, Casmir
Azubuike, while presenting his paper titled, ‘Changing the Face of Insurance
Practice,’ at the retreat, urged the government to regulate the high cost of
building materials.
Azubuike explained that due to the high cost of building materials, developers use substandard materials or cut corners to save cost.