Shoderu said that insurance was designed for the mitigation of losses in case of insecurity and disasters.
“This is as long as there can never be any long lasting or sustainable economic advancement without establishing an environment that engenders peace of mind for the citizens.
“Insurance, being the last hope of the common man, should be accorded its pivotal place to free government from unavoidable expenditures and concerns when disaster occurs,” he said.
Shoderu said that the nation should take a cue from advanced countries to accord insurance its rightful place.
He said that NCRIB joined other well-meaning people worldwide to condemn the continuous holding of hostages of some students from a secondary school in Chibok, Borno, by terrorists.
Shoderu said while the council sympathised with the grieving parents, it implored security agencies and institutions to do everything to ensure that the girls were released to continue their normal lives.
The NCRIB president urged well-meaning Nigerians and corporate organisations to unite, condemn the barbaric act and ensure that the country was safe for living and for business. (