Demystifying Insurance: What You Need to Know

Insurance penetration in Nigeria has ranged at 0.5% for decades due to several factors, misconceptions being the leading one. For many Nigerians, insurance often seems complicated and out of reach because of the knowledge gap that exists.

This is why Coronation Insurance hosted a webinar titled Demystifying Insurance: What You Need to Know on August 5th, 2025, to unpack insurance in a practical, relatable, and empowering way for everyone.

The webinar brought together key people within Coronation Insurance to discuss the common misconceptions, gaps, and provide answers to pertinent questions that people may have about insurance at Coronation and the industry at large.

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It was a lively and enlightening session tactfully moderated by Edwin Nnabude featuring rich and insightful contributions from Augustine Aniekwe, Charles Oghiabu, Adaugo Okeke, and Samuel Kayode.

Police issue cheques to families of deceased officers in Plateau UBA launches PAPSS transaction on LEO chatbot “Paying claims is a priority for modern insurance companies like Coronation because our customers and our reputation are valuable to us. The days of the myth that insurers don’t pay claims are long behind us.” Charles Oghiabu, Head of Retail Claims at Coronation Insurance said when addressing misconceptions around claims processing in Nigeria.

The new NAICOM flat rate for motor insurance was also explained in-depth by the Head of Corporate Underwriting at Coronation, Augustine Aniekwe, as he also highlighted the incentives that exist to cater to policyholders with a spotless claim history.

As expected, attendees of the webinar were left informed and empowered with practical ways they can begin to use insurance as a tool to improve their lives and that of their loved ones by extension.

The quality of life of several Nigerians would be improved immensely if they got insurance coverage for the various facets of their lives, instead of scrambling for insurance as a last resort after something goes wrong. Coronation Insurance provides the right guidance to every person who is curious about insurance.

If you missed the webinar, watch it here.

For enquiries, feel free to email us at [email protected] or call us on 02-012275475, 02-012275476.

Source: DailyTrust | Continue to Full Story…