The President of the Chartered Insurance Institute of Nigeria (CIIN), Mr. Edwin Igbiti, has stressed the need for cooperative societies and clubs to embrace insurance in order to mitigate losses in the event of crisis in their operations.
He says insurance is the catalyst for economic growth of which the government needs to leverage on to de-risk the economy.
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Mr. Igbiti explained that insurance helps to facilitate investment and encourage continuity in business. He further explained that insurance facilitates entrepreneurs and enables the businessman to face his business while it leaves the subject matter of risk for guidance from the insurance companies.
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