A call has gone to the generality of Nigerians to assist the nation's insurance industry to address the various problems bordering on religion and inconsistency of government's policies so that the industry can occupy its rightful position in the economy.

Former Commissioner for Insurance, Dr. Oladipo Bailey, said that for the insurance sector in Nigeria to move forward and join the global league, the country would have to do away with various economic, religious problems and the inconsistencies in government policies.

He stressed that there is urgent need to address such issues as economic and religious problems as well as the government inconsistencies, which were the factors limiting the growth and development of insurance sector in the country.

Bailey, who was a guest of honour at the launch of the book in Lagos recently, stated that the corruptive nature of the people, even the poor people have robbed off seriously on the development of the sector. The book entitled: "A Pragmatic Approach to Insurance, the Biblical Philosophy", was written by Mr. Emmanuel Onuoha, senior unit manager, Aiico Insurance Plc.

According to him, the only way forward is for all Nigerians to be good people, stressing that it is no more a military regime, it is democracy, and every body should strive to be good citizens of this country by doing the right thing at the right time.

He, however, called for adequate supervision of insurance company by the government to avoid the collapse of the industry.

On e-insurance, the former commissioner said that the country has come of age and should be able to implement Electronic Insurance, that is buy insurance, pay online and finish the transactions on the Internet.

Bailey said, the e-Insurance introduction will make insurance in the country to keep pace with the trend globally and develop insurance the right way, stressing that the country can boast of some of the best brains in the world, "the quality of our intelligence is comparable to anywhere in the world, so if any body is ready for it in the world, Nigeria is ready for it," he added.

On state of insurance stocks on the capital market, Bailey said nobody would have ever thought that people would buy insurance stocks in the country; the fact that they are buying is a movement in the right direction.

He said insurance sector has become a first choice on the capital market and that it will remain like that because it is a business for the future, which has started now.

According to the author, Onuoha, the book, with its seven chapters, is to educate the people, especially, in the Christendom of the erroneous belief that God is their insurance.