Kano State’s population has shown that the state is a critical stakeholder in increasing insurance penetration and growth.
The Commissioner for Insurance Chief Executive Officer, National Insurance Commission NAICOM, Olorundare Sunday Thomas spoke during a meeting with top government functionaries in Kano on the implementation of compulsory insurances in the state.
He said it is on this premise that they urged the government to set the pace for the north to embrace insurance, especially Takaful Insurance as an alternative to the conventional insurance to cater for sentiments of religion and tradition.
The partnership, he said, is an opportunity to assist the people when they needed it most and for the financial services sector to also increase financial inclusion which is one of the cardinal thrust that has been a forefront policy of the Federal Government for a sustainable development. He lauded Governor Abdullahi Umar Ganduje for aligning with their objective to boost insurance penetration in the north
