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Disaster prevention Emergency Response Natural Disasters news


The Director General of the FCT Emergency Management Agency, FEMA, Alhaji Abbas Idriss has called for the expansion of the micro insurance market in order to protect low income earners against specific perils.

Speaking at the Professional Insurance Brokers Evening in Abuja on the topic; Disaster Management and Insurance, Idriss said developing a sustainable insurance culture that will permeate all strata of society, levels of people and all sectors is very important in managing most disasters.

He urged insurance brokers to come up with models that suit the socio-cultural and economic practices of the people, such as crop insurance ,health insurance and takaful(Islamic insurance), for the advantage of the poor who are vulnerable.

“The wide spread and severity of disasters,especially flooding due to the impact of climate change calls for greater expansion of the micro insurance market”

“Micro insurance is the protection of low income people against specific perils in exchange for regular premiums proportionate to the livelihood and cost of risk involved”.

He however said that the success of micro insurance was dependent on good administration, cost efficient micro insurance products and large scale delivery for the benefit of the poor.

According to him, micro insurance can be provided directly by insurance companies or indirectly through partnership with other organisations such as micro finance institutions that are closer to the target population.
He underscored the necessity for the incorporation of insurance within an integrated approach to disaster and climate risk management.

The FEMA boss informed that Nigeria was at risk of river flooding as rivers from 9 countries were approaching Lokoja.

“This is a problem every year. How can we mitigate it through insurance.With the climate change, we should make climate change insurance a separate policy.

Nkechi Isa
Head, Public Affairs



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