CPC Moves against Fake Insurance Policies


Anayo Okolie

The Consumer Protection Council (CPC) in collaboration with key stakeholders in the insurance sector have concluded plans to proffer solutions to various challenges confronting insurance consumers in Nigeria.

These challenges include the sale of fake insurance policies, delay in payments of insurance claims, reputation of claims amongst others.

CPC has over time expressed concern over poor patronage of insurance policy in the country, even as 100 years of its operations.

According to a statement by the Project Coordinator, Johnson Adedapo, the colloquium promises a close interaction with various insurance products and allied solutions as well as a highly informative capacity building to raise insurance practice in Nigeria.

“The Colloquium will set a new agenda for the insurance industry as well as set a platform for empowerment of citizens. This is very relevant and timely to, especially as it will enable the society at large to understand workings of insurance and trigger fresh waves empowering the citizens and raise public awareness about the industry,” he stated.

He added that the project would ensure a synergy and common inspiration for actions to deal with identified challenges. “It seeks to bring stakeholders together to identify the problems militating against the deepening of insurance in Nigeria close to 100 years of its practice, and put issues on the front burner to find a way forward.”