Insurance brokers seek government patronage

Insurance brokers, under the umbrella of the Nigerian Council of Registered Insurance Brokers (NCRIB) have called on the federal, states and local governments to insure their assets and employees through registered insurance brokers.

The President, NCRIB, Shola Tinubu, who said this at the 2018 CEOs Retreat of the association in Uyo, Akwa-Ibom State, noted that insurance brokers play a major role in insurance value chain.

He posited that insurance brokers, being the professional arm of the industry know the nitty-gritty of insurance business and their engagement gives the client opportunity to maximise their insurance placement without any extra cost to the client.

While imploring the government, especially, Akwa-Ibom State government to ensure the inclusion of brokers in all its business transactions, this step, he stressed, is in tandem with the NCRIB Act which makes for patronage of only registered insurance brokers.

Speaking on the theme of the conference, ‘‘The Future Broker’, he said, the theme was carefully chosen considering the recent advancement being faced by all professions around the world, urging the people to always patronise insurance brokers for all their insurances.

He maintained that one of the cardinal mandates of the Nigerian Council of Registered Insurance Brokers is to offer opportunity of continuous training and retraining to its members across all strata, towards making them more adaptive to the changing dynamics in their operations, adding that it is in this vein that it has become a tradition to organize yearly Retreats for the top echelon of the Council under the yearly CEOs’ Retreat, rotated in cities across the Country.

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