Underwriting firm, Leadway Assurance Limited, has expressed its determination to promote insurance awareness by increasing industry visibility in national growth. Aduloju explained that the move is borne out of the conviction that greater success can be achieved for the insurance industry, if they consolidated on the gains made in the last few years, whilst leveraging on the national economy. According to him, Leadway is focused on promoting the ideals of the industry and landmark successes in enthroning unity in the sector. The low coverage and penetration level further indicates the low level of acceptance among the people, which is a consequence of the cultural perception of insurance in the country, consumers’ distrust of the insurance system and low insurance literacy. After almost five decades in the insurance business sector, the company recently launched a first-of-its-kind mobile insurance office to take insurance closer to the neighbourhoods.

Source: The Guardian January 26, 2018 03:56 UTC