Mr Otti also pledged the state government’s support to drive insurance awareness and deepen industry growth.
Mr Oguntade noted that NAICOM and FIRS laws were becoming more stringent for members.
Mr Oguntade noted that a stronger insurance market would improve resilience.
Mr Adaramola said the entire industry eagerly awaited presidential assent, adding that the law would be a significant milestone for Nigeria’s insurance sector.
Mr Adeleke emphasised the pivotal role of risk management in facilitating the efficient allocation of resources within the state.
The aim was to create awareness and educate the public in a bid to increase insurance penetration.
