13 November 2012

Nigeria: NCRIB, NAICOM Wants Co-operation Among Insurance Operators

The Nigerian Council of Registered Insurance Brokers (NCRIB) and the National Insurance Commission (Naicom) wants better cooperation among insurance operators if the industry must move forward.

The Commissioner for Insurance Mr. Fola Daniel and the President, NCRIB Mrs. Laide Osijo, made the call at the commissioning of the ultra-modern insurance brokers house in Yaba, Lagos.

Mr. Daniel said if operators work together without rancour, the Nigerian insurance industry would grow phenomenally.

Severally, insurance bodies like, the Nigerian Insurers Association (NIA), the Chartered Insurance Institute of Nigeria (CIIN), NCRIB, among other insurance associations have had frictions amongst them over policies.

The insurance commissioner called on these bodies to speak and act as one.

The President NCRIB, Mrs. Laide Osijo, president of NCRIB said the feat achieved by insurance brokers should be seen as achievement for the entire industry, promising that her council will continue to work with relevant stakeholders for insurance business growth and development. Speaking on the NCRIB building, she said the council conceived the idea of having a befitting secretariat two decades ago. She noted that the completion of the office was a fulfillment of purpose, vision, and commitment of the founding fathers of the council, past presidents, patriarchs of broking profession towards bequeathing an edifice of note to NCRIB.

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