Minister of State for Finance, Dr. Doris Uzoka-Anite, has called on the insurance industry to take a central role in mitigating the economic impact of climate change, warning that African economies are losing billions of dollars annually to climate-related disasters.
This is just as the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin urged insurers and reinsurers across West Africa to innovate boldly, invest in climate data and technology, and expand microinsurance to reach the informal sector.