Business
Expert Lists Insurance Penetration Hiccups
An insurance expert, Mr Paul Ibe, has said that the factors that hindered insurance penetration in the country are poverty and ignorance on the benefits of the scheme.
Ibe, the Head of Technical, Unity Kapital Insurance, told newsmen in Abuja recently that many Nigerians were ignorant of the benefits of taking up insurance policies.
According to him, the prevalent level of poverty in the country also makes people prioritise their needs, hence striking insurance first whenever there is shortage.
He said when there was prosperity and people had the basic necessities of life, they would consider buying insurance policies.
Ibe stated that insurance was very key and people needed to be educated on its importance both to an individual and to the country’s economic growth.
He said, “regulators and insurance operators needed to do more awareness on insurance education by letting people know through communications, through electronic and print media about insurance.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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