Rex Insurance Limited, has advocated more youth involvement in the insurance industry in Nigeria as they are future business leaders and should begin to play active roles in the insurance industry.
The call was made by the Managing Director of Rex, Mrs. Ebelechukwu Nwachukwu at the 9th Edition of the BusinessToday Annual Conference which held in Lagos recently with the theme, “Banking on the Future: Youth, Pension and Insurance Penetration”.
Mrs. Nwachukwu, while speaking as a panelist, advised the youth to explore innovative strategies for deepening insurance and pension penetration among the population.
She said it is important for the Nigerian youth to understand the nuances of insurance, as it empowers individuals to make informed decisions, ensuring personal and familial financial protection.
She highlighted that as future leaders, it is vital for the youths to invest in their future and get more knowledge about insurance, pensions and recognise the symbiotic relationship between both, as they serve as pillars for a stable and secure retirement.
Mrs Nwachukwu added, “We would love a situation where you, the youth can contribute ideas for innovative insurance products, as the insurance industry’s evolution thrives on fresh perspectives. By sharing ideas, especially from the younger generation, we can develop products that resonate with contemporary needs of the insurance consumer.
“We welcome a situation in this country where insurance will be a lifestyle, like in other climes, as it should be woven into our daily lives, offering peace of mind and stability. This can be achieved if the youth, from an early age, begin to understand financial literacy and get a solid grasp of financial concepts, including insurance, as this is foundational to making sound financial decisions and achieving long-term goals.”
Rex Insurance Limited (Rex) is licensed by the National Insurance Commission (NAICOM) to offer the full range of general and special risks insurance products to the insuring public.
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