Shoderu Underscores Insurance Roles in Disaster Management

Posted by African Examiner Business News, Insurance Tuesday, November 5th, 2013

Kayode Adelowokan, Lagos

The Federal Government has been advised to recognise the pivotal place of insurance in disaster management in the country.

President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Mr Ayodapo Shoderu, said this during a courtesy visit by members of the Council to the  management of the FCT Emergency Management Agency(FEMA)  in Abuja, recently.

Shoderu mentioned that government’s efforts in disaster management would be more result oriented if insurance which is one of the most potent risk management device is factored into disaster management plans at all levels of government in the country.

He said that historically, insurance has been regarded as the saviour of man kind, but regretfully it’s roles have not be adequately recognised in the scheme of things, especially in disaster management.

According to him, “The practice of setting aside budgetary allocations to disaster management is commendable, but it makes better sense for government to subscribe to insurance for the purpose of compensation from which victims of  disasters could be succoured in the country.”

Shoderu however commended Federal Government for appointing the current Director General of  FEMA, Mr Abass Idris, to head the Agency, noting that his robust pedigree in insurance and risk/disaster management would be assets for the Agency.

In his reaction, FEMA Director General, Mr Abass Idris, highlighted the achievements of the agency in disaster management and control within the Federal Capital Territory since it was established.

Abass therefore assured that the agency has recognized the importance of insurance to disaster management and was prepared to ensure the engagement and synergy of relevant stakeholders for service delivery.

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