NCRIB Partners Chartered Arbitrators To Enhance Industry’s Image
The Assistant Executive Secretary, Nigerian Council of Registered Insurance Brokers, Mr. Gbenga Falade; Executive Secretary, Mr. Tope Adaramola and Registrar/CEO, Nigerian Institute of Chartered Arbitrators,(NICArb) Mrs. Shola Oshodi-John during a courtesy visit of NCRIB delegation to NICArb in Lagos
In a bid to enhance the image of the insurance industry, the Nigerian Council of Registered Insurance Brokers (NCRIB) is steeping up collaboration with the Nigerian Institute of Chartered Arbitrators and other allied professional bodies.
A statement by Public Relationship Manager, NCRIB, Ayeleso ‘Dele, noted that the NCRIB had through its Executive Secretary, Tope Adaramola expressed the need for better synergy between Insurance Brokers and the arbitrators’ body in order to shore up the image of the industry and enhance its public acceptability.
Adaramola who led the delegation of the NCRIB Secretariat to the Institute in Lagos noted that the policy direction of the Council’s present leadership is to strive to collaborate with professional intuitions that could assist the Council and Insurance Brokers generally to accelerate insurance awareness and obviate the image challenges of the industry, generally.
He said that as professional intermediaries in the insurance value chain, Insurance Brokers were in a position to restore public confidence in the insurance industry by reducing areas of conflict between the insured and insurance companies.
In her response, the Registrar of the Institute, Mrs. Shola Oshodi-John disclosed that arbitration was the new way to resolve conflicts in social, business and professional relationships and that if fully imbibed, would help to reduce unnecessary litigations between insurance clients and insurance companies, particularly when claims arise.
She said the Institute has accelerated its collaboration with strategic institutions and the training of individuals to become professional arbitrators, making them more valuable in their professions and lives.
Meanwhile, the newly appointed Executive Secretary and Chief Executive Officer of the Council, Mr. Tope Adaramola while speaking in an exclusive interview with this medium recently, said part of his administration’s plans is to step up collaboration with other allied professionals associations.
One of our plans is to step up collaboration with other allied professional bodies. We have even started the engagements because there is no professional body that will be successful when you operate in isolation. We are surrounded by other strategic stakeholders and allied professions that we have to reach out to. As am speaking to you now, we have started reaching out to some of them, namely: Institute for Chartered Accountant of Nigeria (ICAN) for instance is one of the most renowned professional bodies that we have in Nigeria. We have extended our tentacle of relationship. Very soon our secretariat will visit their secretariat. Our Council President will also visit their Council President. We are doing a similar thing to the Chartered Institute of Arbitrators. We are doing so for the Institute of Personnel Management. And why are we doing all these? These are individual professionals which are bonded under those associations with which insurance brokers who are our members ultimately will relate.
“Take, for example, you want to go and broker a company, the most delighted person you are going to find there is probably the accountant or the head of finance who will engage you and if this person does not have an understanding of what you do then how will you help your members. The same thing for the Nigerian Institute for Public Relations; and of course you know the National Insurance Commission is a very pivotal institution that we must direct their attention to and continue to drum in the ears of our leadership which they know we have to relate perfectly with.”
