Business
MD Advocates Change In Insurance Industry
Managing Director, Sovereign Trust Insurance, Mr Wale Onaolapo, has said that there was the need to reposition insurance industry in Nigeria to change its image.
Onaolapo told newsman in Lagos recently that insurance operators still had much to do to launder the dirty image of the industry.
He said that insurance operators needed to improve on their service delivery to policy holders to re-shape public perception of the sector.
“It is necessary to improve on the way the public perceives our industry over the years.
“The operators have to provide excellent services and ensure that risks are adequately priced in line with economic realities, “ he said.
According to him, many people believe that insurance companies are known to collect premiums and drag their feet, if not avoid payment of claims.