Saturday, 13 December 2014

E-B-O-L-A:EFFECT ON INSURANCE VERY HAZY



E-B-O-L-A:EFFECT ON INSURANCE VERY HAZY
BY ABDULMUMINI ADEKU.Medics carry a passenger suspected of being infected with the Ebola virus that travel from Ivory Coast to Kayseri, in Istanbul, Turkey on September 29, 2014.

Reeling from the worst outbreak of Ebola Virus Disease to have hit the entire global an estimated $200million would have been pledged in donation and disbursement as at press time  excluding the insurance implications of the lives lost in Sierra Leone,Liberia,Guinea ,Nigeria and Mali now not less than 7,000.
In an exclusive interview with Paedia Express Multimedia in Lagos,Nigeria ,a Chartered Insurer and an insurance analyst of about three decades ,Miss Bisi Oladipo said that the effect of  Ebola on the risk business worldwide was not so sure at the moment was too difficult to ascertain.
Shea speaks:”it has no provision in the insurance sector in Nigeria,South Africa has the biggest insurance market in Africa”
“The life insurance product in The Nigerian market has nothing to do with disease,let us assume that is working and then he suddenly dies  then they can pay based on that”
“They do not have to prepare for an Ebola attack as underwriters talk about risk that can be established immediately and not something that can not be fixed”
“if you are talking of travel insurance well we can look at that but again you have to realize that not every nation ask for travel insurance”
She assured that Sierra Leone  has a better insurance culture because one of there top leaders is an insurer.

No comments:

Post a Comment