Nigerian Insurers Urged to Ward Off Foreign Incursions

The Managing Director of Custodian and Allied Insurance Plc, Wole Oshin, has charged Nigerian insurance operators to re-strategise to ward off foreign incursions thereby preventing the nation's insurance industry from being completely taken over by the foreigners.

Oshin, who spoke on the sidelines of recently concluded annual conference of the African Insurance Organisation in Kigali, Rwanda, urged the insurers to build at least 10 local champions that can not be acquired by any foreign firm.

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